The study will draw from existing research and use the findings to design a new appraisal model.
Study aim: to examine the financial appraisal of MMC and identify barriers to delivery.
We will explore the current lack of parity across the sector, with some industry insiders estimating MMC costs rising to 15% more than traditional builds, while others pointing to reduced costs owing to the reduction in labour costs, quality control at the point of production and resulting economies of scale.
The study plans to create an accurate cost profile, while finding solutions to potential obstacles to delivery.
The project is made up of four sub-panels, each requiring a minimum of
2 x 5-hour meetings over a 6-month period.
The sub panels will explore:
- Build costs, cost profile and consultants
- Sales income
- Long-term running costs
- Appraisal methodology
Participants are free to join more than one panel and we would encourage you to nominate appropriate representatives from your organisation who may wish to share their expertise.
The panels will be multi-sectoral involving both development and finance representatives from housing associations and developing local authorities, MMC/OSM providers, governmental bodies, research institutions and other relevant sector representatives.
Each group will nominate their own chair and are free to organise themselves.
M3 will provide support to administer the meetings and assist with data collection and collation.
HOW TO JOIN
Please email us by 30 September including details of which panel(s) you would like to join.
M3 has been providing consultancy and digital solutions to social housing providers since 2004. This includes expertise and products used to manage development projects, as well as the maintenance of those properties.
Bromford is one of the largest housing associations in the UK, managing 44,000 properties across Central and South West England.