Building complex capital projects with Lean Integrated Project Delivery has many advantages. Choosing the best contract to encourage a collaborative team right from the start is crucial for a successful outcome. How can you go about this? How can you ensure that the owner, design partners, and builders are collaborating …
IFOA and the Advantages of Bringing People Together Faster READ MORE
Complex capital projects across all industries, from health care, oil, gas, mining, manufacturing and power generation all have at least one thing in common. According to research performed by the Construction Industry Institute, they have a high probability of finishing late and over budget. It seems that the larger and …
Building Complex Capital Projects with Lean Integrated Project Delivery READ MORE
Tri-Party vs Multi-Party IPD contracts. The tri –party agreement is certainly a step in the right direction by combining the 3 most influential parties in a building project, the Architect (A), CM/GC (C) and Owner. This can certainly help align the major stakeholder interests to one goal and dramatically reduce …
When it Comes to Signing Contracts – The More Signatures the Better! READ MORE
Zul- Is soft cost for IPD much higher than design-bid-build? Does the savings in rework or hard cost able to pay off the added soft cost? James– There is not a black and white answer to this question. The biggest difference I think is that you are spending more …
You need to pick your battles at every step whether you are an owner, a designer or a contractor in construction. Depending if you win or lose the battles affects your bottom line. That’s the adversarial relationship among these parties which plagues the industry so deeply that while the non-farm …
Introduction to Target Value Design and the Importance of Setting Targets A common concept in the construction industry is that there are three legs to a project: Schedule, Cost, and Quality. An owner is advised to pick any two, and thereby sacrifice the third (i.e., you can have cost and …