MMC | Insolvency Risk of Modular Market
Pop Quiz – what is the average lifespan of a modular company? We give definition to this risk profile in a volatile market
Pop Quiz – what is the average lifespan of a modular company? We give definition to this risk profile in a volatile market
As an advocate of pre-manufactured solutions, Rob outlines how the residential market could benefit from MMC adoption.
Pre-manufactured value (PMV) – the relative proportion of work manufactured offsite – has the potential to shape the direction of our industry… intentionally or otherwise.
In 2018 Nigel Richards, a man from New Zealand, memorised every French word in the French scrabble dictionary and won the French Scrabble Championship ….
What’s with this Lemon?
His seminal paper, Market for Lemons, demonstrated the devastating consequences of making decisions under the conditions of quality uncertainty and unequal information between buyers and sellers, increasing the chance of buyers ending up with a ‘lemon’.
This 50-year-old concept continues to retain parallels within the construction industry.