U.S. multi-party standard partnering contract for integrated project delivery
The construction industry is one of the most diverse industries that provide the desired foundation for the economic growth. Existing contractual structure that bases the framework for activities within this significant industry discourages coordination between the project players. Each of these attributes can lead to an environment of distrust with unresolved claims, budget overruns and schedule delay. This study presents a formal contractual framework that increases productivity, maximizes efficiency and minimizes wastes thorough utilizing partnering and integrated project delivery (IPD) approach. Partnering is an approach that provides more beneficial construction environment through defining shared goals for all the project stakeholders, while IPD is a PDS that integrates all project participants to deliver the best end product. The aim of this study is to build a collaborative environment that anticipates potential problems, allocates risks properly and as the bottom line, “Best for Project” shapes all the activities within this working relationship.