Great point. Additional note- even with heavy US regulation, US still has its share of engineering disasters. Building code is written in response to such disasters albeit more frequently from non-catastrophic failures. For example, we might see high-strength steel requirements evolve in response to the new Bay Bridge's faulty steel rods.
The US has had its share of disasters too. We studied these in-depth in civil engineering school, including the design decisions and cost compromises made along the way. Look up Citicorp Tower's tuned mass damper in NYC (disaster pre-empted), Kansas City Hyatt Regency walkway collapse (killed 114), as well as Berkman Plaza parking garage collapse during construction in Jacksonville, FL (killed 1).
Back to OP, A general rule of thumb in engineering, there's cost, quality, and schedule: pick two. I always scratch my head at celebrating at some huge engineering feat completed in a small fraction of the typical timeframe, because it surely leaves out either value engineering/cost) or quality/safety. Schedule should be optimized, but prioritized?
It's also possible that the Broad's schedule is merely a byproduct of the modular technique. The article doesn't mention cost beyond saying its a problem, and I assume that modular, industrialized construction requires factoring costs in a method similar to airplane accounting, a function of the quantity built.
To be sure, there's room for huge innovation in the construction industry, and I'm excited to see how Broad develops their methods.