Modular Solutions: When and Why Should Charter Schools Consider It?

Innovative Modular Solutions | www.innovativemodular.com

Modular SolutionsWhen and why should charter schools consider it


About Innovative Modular Solutions Founded in 1999o Licensed general contractor / commercial modular contractoro Prime or specialty contractor, offering design-build serviceso Temporary and permanent projects of 400 to 100,000 square feet

Team of industry veterans with diverse, complementary skillsConstruction managementFactory production, Quality ControlGeneral contracting Operations and Logistics Sales and Service management

All employees are CPR and first-aid trained.

All field workers are OSHA certified (10 or 30 hour).


IMS Offers Accelerated Construction Technology


Modular Construction Overview Modular solutions provide an alternative method of construction. Building components are manufactured in a controlled factory environment to the same

building codes as conventional construction, using the same materials. Partially finished components are transported to the project site, assembled and finished. Modular buildings can be one, two or more stories. Modular buildings can be temporary, semi-permanent or permanent. Modular construction can be easily incorporated with other types of construction to

capitalize on the advantages that each has to offer.


Benefits of Modular Construction Speed: On Time, Accelerated Construction Scheduleo Concurrent site preparation and modular component fabricationo Reduced weather delayso Works well in areas where the construction season is shorto Reduced job site ‘chaos’ – limited deliveries, limited disruption

Flexibility: Project Team Defines Design and Finisho Design of building as well as makeup of design teamo Portability responds to changes in user demographicso Variety of financing options available

Cost: Controlled Budget Processo Replicable, standardized

• Few change orders • Improved quality

o Costs typically less than conventional construction


Modular = Green Inherently green – contributes to sustainable building initiatives Limits site disturbance Minimizes waste onsite due to factory construction and recycling Eliminates environmental factors that affect building materials Reduces overall construction time Simplifies relocation and reuse of buildings Saves energy through o Tighter Building Envelopeo Efficient HVAC designo High insulation levels


CONVENTIONAL—SITE BUILT

CONSTRUCTION

PRE-ENGINEERED CONSTRUCTION

Project SiteDeliver

CutPrepare

Assemble Piece by Piece

Raw Material Inputs

Manufacturing FacilityDeliver

Cut, PrepareShip

Building Element Outputs

Project SiteDeliver

Assemble Piece by Piece

Relative Tim

e Scale

Longest Delivery Cycle

MODULAR CONSTRUCTION

Manufacturing FacilityDeliver

Cut, Prepare Assemble

Ship

Building Component Outputs

Project SiteDeliver, Assemble

Component by Component

Shortest Delivery Cycle

Raw Material Inputs Raw Material Inputs

Construction Process:


Hybrid Construction is a Combination of Modular and Conventional, Pre-Engineered, or another Method of Construction

o Common for Large Projects

o Allows the Project to take Advantage of the Benefits of Different Methods

o High Ceiling, Long Span Spaces can be Conventional or Pre-Engineered

o Repetitive Spaces (Classrooms, Restrooms, Offices) can be Modular

o Concurrent Construction - Preplanning Allows Modular Components to be Built Off-Site While Site Preparation Activities (Grading, Foundations, Utilities, etc.) are completed on site

About Hybrid Construction


Existing BuildingAddition Addition

Future Building

Modular Construction easily accommodates Phased Construction o Future Additions (Horizontal)o Future Additions (Vertical) – Add a Second Flooro Future Upgrade to Finishes

Phased Construction Offers Flexibility


Types of Modular Construction Used at Charter Schools


Temporary and Semi-Permanent Construction


Permanent Modular Construction


Custom Floorplans


The Project Team should review all material selections and

specifications

Selections are easily customized to suit budgetary requirements and

aesthetic needs

Selections include most options available in conventional construction

Material Selection drives the cost of any construction project

Customers should use and specify ‘commercial grade’ materials

Material Selection


Financing Options


Financing Options

Operating Lease – IMS retains ownership of the asset and the user to returns the building at the end of the lease.

Capital Lease –IMS transfers ownership to the lessee at the end of the lease upon execution of a predetermined purchase option

Finance Lease – User maintains ownership upon full payment of all applicable cost, monthly payments and finance charges.

Gap Funding / Bridge loans – IMS can provide interim funding particularly for Charter Schools

Bond Financing

Considered a Depreciable Asset, Modular Buildings allow for more flexible financing


Case Studies


Jalen Rose Leadership Academy, Detroit, MI



Old Redford Academy, Detroit, MI


Dubois Integrity Academy, Atlanta, GA


Modular building quality and design has improved significantly Acceleratedo Concurrent construction = shorter schedule

Cost effectiveo Factory costs are controlled, will maintain value if properly designed, built, and

maintained Flexibleo Design and finish

Sustainableo Energy efficient, less disruption

Financingo Several options available

Summary


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Education

Modular Solutions: When and Why Should Charter Schools Consider It?