Integrated Project Delivery (IPD)

Integrated Project Delivery brings all a project's key participants together from the very start and aligns their interests through shared risk and shared incentive. Key participants include the owner, the design team, the builder and trade contractors with large and more technically challenging scopes. Early involvement by all key participants can lead to better design and lower cost. Risk-sharing and incentives encourage participants to be good team members, working with one another in ways they might not in other project delivery models.

ADVANTAGES

More accurate construction budgets

Design flexibility and control

Fast project delivery

Can lower construction costs while increasing quality

DISADVANTAGES

Can increase design cost (often more than offset by construction savings)

Competitive bidding difficult

More complicated contractual relationships (multi-party contracts)

May shift some risk to the owner compared to other models