In this article, I am going to dive into the risk and reward plan negotiations in IPD contracts, one of the things that sets Integrated Project Delivery (IPD) apart from other construction delivery models. How do we set up a risk and reward plan? There are several steps to consider […]
How to Negotiate Risk Reward Plans in IPD Contracts READ MORE
One of the biggest challenges project owners, contractors and design firms have is negotiating a contract price and setting a contingency in lean IPD contracts. In a lump sum project, that’s not an issue, as the owner usually chooses the lowest bid for a contract without having any transparency into
Why thinking holistically is important when setting contingencies in IPD contracts READ MORE
In a traditional construction contract, whether it’s lump sum, guaranteed maximum price, CM at risk or design bill, the general contractor in the major trades usually has their profit held. Even if they go over budget, they are not putting their profit at risk. In this article, I am going
Profit at Risk with an IPD Framework READ MORE
The cost structure of IPD contracts is a common question for construction project owners in the early project phase when they are negotiating the value of the contract and at the end of the project. These are some questions to answer: How do we calculate the final cost? Is there
The cost structure of IPD projects READ MORE
What makes IPD (Integrated Project Delivery) contracts different to other forms of agreements for commercial design and construction projects? The primary difference with integrated project delivery lies in a single contract where the owner, the primary designer and the primary builder sign the same agreement. This is often called an
Multi-party Agreements: The Advantages of IPD Contracts READ MORE
In this article, you will read about the most typical delivery models for commercial construction projects across complex industries, such as healthcare, semiconductors or pharmaceutical manufacturing. Design Bid Build Design Bid Build is very common in Public Works and with many private owners. Early in my career, the majority
Four delivery models for commercial design and construction projects READ MORE