by Guest Author
Why Charter Schools Rely on Modular Construction
Charter schools are becoming increasingly popular in school districts with already overcrowded public schools. Charter schools are publicly funded open to all students, and free of tuition as they are public schools. Charter schools frequently face lack of facility options and modular construction helps to alleviate these challenges
Parents choose Charter Schools for their children because these schools have the freedom to operate away from some regulations that are mandated upon district schools. Charter Schools are held accountable for higher academic achievement, and the organization’s stability and financial management. Parents have the choice to remove their child and the schools can be closed if these performance goals are not met.
Modular classrooms offer a quick and viable solution to allow room for the students to comfortably learn in an environment that is designed to meet the same standards, look and feel as a traditional classroom. Charter Schools rely on modular construction due to the ease of adding space to an existing building that will accommodate their growth needs as well as their time constraints.
Charter Schools receive less funding than traditional public schools. In that regard, they are able to turn to leasing options offered by companies such as Innovative Modular Solutions for temporary space. These options allow for monthly payments instead of incurring a large expense up-front.
Leasing allows customers to pay for their modular and portable buildings over a period of time without a significant capital outlay. Payments are made at pre-determined rates for a specific period of time. Payments can be monthly, quarterly, or annually over typical terms of one to seven years to meet available cash flow. Site improvements and even furnishings may be able to be included in the amount financed. IMS offers many leasing options that are great for Charter Schools:
- Operating Lease– A long term rental that allows customers to pay for the modular building only for the period of time that it is needed. When the building is no longer required, it can be purchased or returned.
- Finance Lease– A lease-to-purchase arrangement that allows customers to purchase their modular building over time.
- Municipal Lease– A low-interest lease to purchase that is a useful financing alternative available to state and local governmental agencies, public schools, and some charter schools.
Innovative Modular Solutions can help with any restraints you may have using conventional construction methods. Contact us to learn more information.