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 better buildings in half the time with 20 percent lower construction cost
With more than US$150 million in signed contracts and an additional US$600 million of contracts in negotiation, iBUILT certainly appears to be gaining acceptance for its Fast Track offsite construction program that claims to ‘deliver full designs and drawings at a guaranteed price and schedule in just 30 days’.
iBUILT launched in New York on November 18 with the stated mission to transform the world’s largest industry — construction. The new company is focused on solving the developer’s pain points in the development process. To achieve this, the company aims to redefine the construction paradigm by using end-to-end technology and offsite construction and manufacturing to eliminate inefficiencies at each stage of the building lifecycle.
Their intention is to build higher quality smart buildings in half the time and at significant cost savings. To achieve their objectives of 20% lower construction cost and 50% faster construction, iBUILT will use their state-of-the-art technology and controlled offsite construction, manufacturing, integrated 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 looks at construction from the perspective of the developer. Their approach to the design process is streamlined, smart and completely different than anything we’ve ever seen before.” said Isaac Alkaslasi, President of I&G Group, Inc., who is working with iBUILT on an upcoming project in Baltimore.
As part of their offering, they also supply the developer BIM-based blueprints that incorporates proprietary digital twin software. IBUILT claim it gives developers complete control over the ongoing management of buildings, including preventative maintenance, resulting in 70% lower operating costs.
Interestingly, iBUILT claim they can deliver complete buildings of up to 35-stories anywhere in the United States.
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