Modular construction costs are often lower than traditional construction costs, as modules are produced in a controlled manufacturing environment. In this way, there is a reduction of material wastes, delays caused by the weather, and labor costs. The costs are dependent on project specifications, location and customization requirement, however. Some projects may require approximately the same initial investment, but
modular construction
can also save money by reducing the amount of time it takes to build. When comparing modular construction versus traditional construction, both short-term and long-term costs need to be evaluated.