There can be hundreds of reasons why IBS construction is better than the conventional system but to most customers and developers, this is the real reason it matters – IBS solutions offer a lower cost. There are many ways that an Industrialised Building System can help you lower your cost, some are pretty straight-forward, others are not so obvious. According to an article by PropertyGuru, they estimate that construction in Kuala Lumpur can range from RM150.50 to RM207.20/sqft but by utilising IBS solutions we are able to keep the cost at under RM100/sqft*. Here are some reasons why.
*terms and conditions apply.
Mass production of components
The concept of an Industrialised Building System works by pre-fabricating components in an industrialised manner before transporting and assembling them at the building site. Because of this, a more efficient manufacturing system can be developed and when a company is able to mass-produce components, the price will ultimately be lowered because of the economy of scale.
Components are reusable
When it comes to IBS solutions like the steel formwork system we use here at ProcropIBS, there are many components that are reusable. After completing one structure, the same frame can often be used for the next structure, eliminating the need to build new equipment for each building.
Less Labour cost
With an IBS system, less physical labour is required and this reduces the number of workers needed for a specific project. With fewer workers, you will have fewer requirements for worker housing, and there will also be less costly when it comes to worker healthcare.
Minimal waste
With an IBS solution, only what is needed will be manufactured for any given project. This will reduce the amount of waste at the construction site and this will result in the lowering of the cost. Also, with less waste, developers will spend less in terms of waste disposal and this will also add to the savings.
Faster project completion
We talked about speed as a benefit of IBS construction in our last article. But a faster completion time can also contribute to savings for our customers. The faster a project is completed, the faster they will be able to sell or rent the property and thus make profit a lot quicker.