Smart 
       construction
       How offsite manufacturing can 
       transform our industry 
        April 2016
        kpmg.com/uk/ibc
                                                              Contents
                                                              Foreword 3
                                                              Executive summary                                                                                 4
                                                              Introduction 6
                                                              Vision of smarter construction                                                                    6
                                                              Economic ‘push’ and ‘pull’ factors                                                                6
                                                              Supplier over-capacity                                                                            7
                                                              Increasing client demand                                                                          7
                                                              State of the industry                                                                             8
                                                              UK construction Industry                                                                          8
                                                              An onsite focused industry                                                                        8
                                                              The offsite manufacturing industry                                                                9
                                                              The offsite case for change: KPMG findings                                                       10
                                                              Project level value summary                                                                      10
                                                              Beyond the project level: Portfolio and whole-life                                               12
                                                              Across construction portfolios                                                                   13
                                                              Whole-life asset value                                                                           13
                                                              Overcoming industry challenges                                                                   16
                                                              Offsite                                                                                          16
                                                              Conclusion 18
                                                              Next steps                                                                                       18
                                                              Bibliography                                                                                     19
                                                                                                        Smart construction: The value in offsite construction    1