Hot take · 33:29
// THE QUOTE
“obviously there's this rapid housing initiative coming out from the feds”
— Brandon Searle · UNB Off-site Construction Research Centre (OCRC)
Lays out the real GC risk: 50% down on modules, manufacturer could go under, bonding/insurance unknowns — exactly the finance worry the audience has.
Full episode at 33:29How UNB's Off-site Research Centre Is Bringing Modular Construction to Atlantic Canada (And the Financial Risks GCs Need to Know) ▸
THE LESSON THIS CLIP CARRIES
GCs hiring modular manufacturers face a 50% deposit exposure with limited bonding protection; this financial risk must be priced into project financing before committing.
“there's a risk to the gc of over you know a 50 down payment essentially for the modules”
THE CHAPTER IT LIVES IN
Off-site Benefits, Modular Hotels, and Financial Risk for GCs
28:20
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SOURCE: 33:29 of How UNB's Off-site Research Centre Is Bringing Modular Construction to Atlantic Canada (And the Financial Risks GCs Need to Know)