Webinar: Financial Modeling for Modular and Offsite Construction

Description

The advantages of using modular and offsite construction compared with the traditional construction methods are numerous due to its efficiency in delivering shorter schedules, lower cost, higher quality, and better safety. However, one of the biggest challenges facing the prefabrication industry today is the inherent difference between financing traditional construction and the upfront capital requirements for modular and offsite construction. Any solution for this problem should introduce better coordination among developers, banks, financial partners, lending institutions, manufacturers, and general contractors. Financing modular construction is challenging as banks are not familiar with the characteristics of this modern industry, and it is all about risk and return. Financing also helps in reducing risk for developers and allows them to undertake projects without having the upfront capital. This webinar will introduce current practices and challenges concerning financial modeling for modular and offsite construction, as well as introduced initiatives by governments to facilitate financing modular and offsite construction. This webinar will also discuss a questionnaire currently being conducted to investigate different variables affecting the financial modeling of modular and offsite construction.

About the Speaker:

Tarek Salama is an assistant professor at the California State University-Sacramento. Tarek received his Ph.D In building engineering along with a Masters in civil engineering from Concordia University in Montreal. 

Tarek will be joined by Anthony Gude, Director of Real Estate Development at Leaf of Faith Partners