iBUILT aims to construct buildings in half the time, lower costs by 20%
By combining proprietary technology and offsite construction, iBUILT is rethinking how a building is designed, built and managed over time, putting developers and owners first to build buildings in half the time with 20 percent lower construction cost.
iBUILT, a new design-build-operate company powered by technology, has officially launched. The new company is focused on solving the developer's pain points in the development process. To achieve approximately 20% lower construction cost and 50% faster construction, iBUILT uses technology and controlled offsite manufacturing, and seamlessly integrates design, detailing, fabrication and onsite assembly.
"The development process has been dysfunctional for developers and owners for decades— projects are always over budget and behind schedule. While other sectors have improved efficiency with technological advances, the construction industry has largely remained stagnant. The COVID-19 pandemic and current economic recession have only accelerated the industry disruption underway to develop more productive approaches to construction. Today, it's more important than ever to find ways to build more efficiently, effectively and safely," said Ayall Schanzer, Chief Strategy Officer at iBUILT. "With iBUILT, we are bringing together all the critical pieces to transform how buildings are built— a large-scale offsite factory, new proprietary technologies, and a C-Suite of innovative leaders across the design, construction, technology, development and automation industries."
iBUILT is redefining the construction value proposition by re-imagining the entire design, development and construction processes to create end products that are more sustainable and are "smarter" than those that result from a traditional development approach. iBUILT's proprietary software ensures each project's financial viability with guaranteed budgets and timelines.
Unlike the conventional development process, iBUILT de-risks construction for developers and owners by delivering a fully designed building in 30 business days at a guaranteed price and schedule, with no change orders, through its Fast Track program. The Fast Track deliverable includes comprehensive interior and exterior designs, 70% of architectural, structural, mechanical, electrical, plumbing and fire prevention drawings, a complete schedule of finishes, and a guaranteed price and schedule. As a part of the program, iBUILT is committed to never putting forward a change order unless requested by a client.
In addition, by guaranteeing schedules and budgets with no change orders, building offsite, and leveraging technology-driven construction, iBUILT can continue to deliver products on time and on budget while the construction industry navigates the COVID-19 pandemic, all while being safer due to the controlled manufacturing environment.