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TEAM 1 Share All Project Risks

TEAM 1 Share All Project Risks. Implications - DBB. Architect develops and complete bid documents prior to construction review Project has a short and discrete bid phase Contractor constructs project based on contract Rigid change process Client/Owner has limited involvement after design.

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TEAM 1 Share All Project Risks

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  1. TEAM 1Share All Project Risks

  2. Implications - DBB • Architect develops and complete bid documents prior to construction review • Project has a short and discrete bid phase • Contractor constructs project based on contract • Rigid change process • Client/Owner has limited involvement after design

  3. Implications - DB • Architect develops and complete construction documents collaboratively • Project has no bid phase • Contractor and Architect share benefits • Collaborate change process • Client/Owner has limited involvement in design

  4. Implications - IPD • All parties have same level of risk • IPD Agreement must be signed prior to project initiation • Architect, Contractor, and Client/Owner share benefits • Collaborate change process with all parties

  5. IPD Advantages • Construction Projects • Common goals that are agreed in advance between the Architect, Contractor, and Client/Owner • Shortened feedback loop • Shared risks provide incentives to resolve conflicts and complete project • End goal is the focus vs. financial gain • Reduced project waste • Reduced schedule time • IT Projects • Common goals that are agreed in advance between the Designer, Developer, and Client/Owner • Shortened feedback loop • Shared risks provide incentives to resolve conflicts and complete project • End goal is the focus vs. financial gain • Reduced project waste • Reduced schedule time

  6. IPD Disadvantages • Construction Projects • Architect and Client/Owner have increased risk levels compared to DBB • Less individual accountability amongst parties • Increase reliability on Client/Owner • Increase susceptibility to scope creep • Architect has higher financial risk • Contractor has less opportunity to make additional profits • IT Projects • Designer and Client/Owner have increased risk levels compared to DBB • Less individual accountability amongst parties • Increase reliability on Client/Owner • Increase susceptibility to scope creep • Designer has higher financial risk • Developer has less opportunity to make additional profits

  7. Challenges • Early commitment from all parties • Trust • Frequent meetings, coordination and collaboration • IT Projects conducted in virtual job sites • Reliance on arbitration and cooperation over legal recourse • Requires modeling technology • Construction projects require rapid visual models • IT projects require rapid workflow and data modeling • Change process requires rapid evaluation and decision making • Achieving waste reduction without increasing the project scope or project schedule • High tech and standardized technology across all parties

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