Construction industry fact of the day

From the FT, on the need for a modular revolution in construction industry,

Nine out of 10 buildings worldwide run over budget and the average cost overrun is 51 per cent, said Bent Flyberg, professor of construction at Saïd Business School. “The construction-site has to become an assembly-site,” he said. “Until this happens, construction will be stuck in the Stone Ages as regards productivity.”... The off-site model not only halves the build time but leads to an 80 per cent reduction in waste, encourages a 95 per cent recycling rate, and produces higher quality buildings because it’s “easier to impose strict controls on the factory floor than on a building site”.