Banyan recommends using a hybrid IPD (Integrated Project Delivery). IPD isn’t a new model—it’s been around in one way or another for many years, though true IPD projects are few and far between. We already do many aspects of Integrated Project Delivery simply as good business practices
IDP bears many of the hallmarks of IPD without the profit sharing and unified contract, instead using traditional contracts. An IDP approach will allow the project to incorporate the desired benefits of an IPD with early collaboration of all parties while leaving behind any elements that may not be suitable, such as complete input for design, shared profit and a lengthy untested combined contract.
The primary factor which we feel would be essential to incorporate is working with a team approach for the final design, and procurement phase. This will lead to lower costs, shorten the schedule, and achieve a higher quality project. Early engagement would include all parties selecting the contractors that are the top in their respective trades. The positive effects of engaging early and removing the lengthy RFP process is that we can reduce completion time as construction commences concurrently with design providing a true fast track project. Trades will have design input and accountability (skin-in-the-game) ensuring change orders for errors and omissions are avoided. An integrated sharing platform/unified system will be employed for ease of communication, design and document sharing for the multiparty team.
Early engagement will lead to enhanced integrity of design, procurement of the highest quality trades avoiding change orders/cost overruns. Full engagement of trades at commencement will help to identify cost savings, constructability recommendations and foster collaboration at the final design stage, as a result, this will lead to a comprehensive and accurate budget from the onset of the project. Ownership and responsibility of design by all interested parties will assist in risk mitigation. The success of the project is reliant upon honest quality trade involvement.
- Lower overhead costs due to more refined RFP process.
- Opportunity for the owner to engage trades with whom they have existing positive relationships.
- Confirmation of contract award as trades are chosen at the final design phase which will lead to more engagement and pride in the project.
- Less changes due to team collaboration and accountability.
- Faster project delivery from design prioritization and efficiency driven by all stakeholders.
- Clear scope expectations and error and omissions risk mitigation.