Communication and collaboration are two important elements that make a strong team and promote innovation. In IPD, the key project stakeholders with the highest probability of impacting the project’s success are focused, as a team, on one common set of project goals. One multi-party agreement exists for key project stakeholders, their profit is at risk based on their success and there is a shared reward if the goals are surpassed.
IPD has four fundamental differences from traditional project delivery methods:
- Early involvement of key trade contractor participants
- Cross-functional teams which include designers, contractors, suppliers, and others to drive collaborate solutions
- Multi-party agreement supporting collaboration and fostering ownership
- Shared risk and reward among IPD team members