Fastr: BIM enabled proptech supporting SME Residential Developers and their construction supply chain to grow.

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Title
Fastr: BIM enabled proptech supporting SME Residential Developers and their construction supply chain to grow.

CoPED ID
7fd514e6-93b8-4887-b774-9efbf07998f2

Status
Closed


Value
£758,056

Start Date
Sept. 30, 2020

End Date
Aug. 30, 2021

Description

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Fastr Property are building on Fastr Land's software success, by innovatively developing the Fastr platform for construction and supply chain management, enabling Fastr adoption by SME developers and expanding their supply chain, allowing them to collaboratively compete against large housebuilders, building low carbon, sustainable homes that tackle the UK's housing shortage.

The Fastr team, composed of property development veterans, start-up entrepreneurs and software developers will work collaboratively with SME partners MGM New Homes, ELK Developments, and Calton Developments.

With energy performance standards for new homes remaining static since 2015\[Building,2019\] large house builders have avoided advancing sustainability, instead focusing on volume and maximising margins through poor quality, 'Identikit' homes, in part due to incentives from the UK Government's Help to Buy scheme.

Market conditions for construction sector SMEs are tough, they're second most likely to fail due to insolvency \[ONS, 2018\], often due to extremely tight margins exacerbated by poor productivity due to inefficient, paper based solutions that are labour intensive and error prone. This is compounded by lenders becoming more risk averse with SMEs due to valuation uncertainty \[JLL,2020\].

With only 28% of construction companies currently having a digital strategy, an SME focused Construction and Supply Chain Management Software solution has the potential to significantly improve SME Developers productivity and margins, whilst reducing development risk.

Fastr enables SME Developers to use BIM for the design and construction of modular, energy efficient housing built to Passivhaus and Future Home Standards, providing low carbon, energy efficient homes with minimised maintenance costs that target eco-conscious buyers.Fastr's development will deliver an industry leading solution, with entry into the Construction and Supply Chain Management Software arena combined with BIM integration transforming Fastr Property's growth through increased UK and international adoption of Fastr.

Fastr Property Limited LEAD_ORG
Elk Developments Ltd PARTICIPANT_ORG
Fastr Property Limited PARTICIPANT_ORG
Mgm New Homes Limited PARTICIPANT_ORG
Calton Development Limited PARTICIPANT_ORG

Andy Watmore PM_PER
Andy Watmore PM_PER

Subjects by relevance
  1. Sustainable development
  2. Construction
  3. Small and medium-sized enterprises
  4. Development (active)
  5. Productivity
  6. Construction sector
  7. Corporate strategies
  8. Construction industry
  9. Supply chains
  10. Efficiency (properties)
  11. Software development
  12. Enterprises
  13. House construction
  14. Energy efficiency
  15. Entrepreneurs
  16. Labour market
  17. Buildings
  18. Computer programmes
  19. Property development
  20. Real property

Extracted key phrases
  1. SME residential developer
  2. SME developer
  3. Construction supply chain
  4. SME partner MGM New Homes
  5. SME Developers productivity
  6. Supply chain management
  7. Fastr Property
  8. Fastr adoption
  9. Fastr
  10. Software developer
  11. Fastr platform
  12. Fastr Land
  13. Fastr team
  14. Supply Chain Management Software solution
  15. Construction sector sme

Related Pages

UKRI project entry

UK Project Locations