Life Science Project Kickoffs to Leap 44% in 2nd-Half 2022

July 29, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--There is no doubt that 2022 has seen its fair share of headwinds that have impacted the overall state of the economy. Manpower issues, material costs, supply-chain issues, transportation/fuel surcharges and overall inflation are all putting a strain on the economy, and especially the construction sector. However, the Life Science construction segment still is projected to enjoy sustained growth throughout 2022.

Construction companies are accessing a range of levers to reduce the labor and material content required per job to improve productivity in project development and delivery. Those levers involve changes to project designs and fresh thinking about when, where and how work is done. Improvements in project productivity occur long before work starts on the ground. They include rigorous control of project scope, design simplification and standardization. Increasing the use of off-site and modular construction, for example, allows projects to capture multiple benefits, including accelerated design cycles, greater productivity associated with industrialized, factory-floor manufacturing techniques, automation and less time spent on site.