ConsensusDocs 300

Integrated Project Delivery (IPD): Shared Risk, Shared Reward, and Why IPD Contracts Look Nothing Like CM/GC Contracts

Integrated Project Delivery (IPD) uses a single multiparty contract among owner, designer, and contractor — with shared risk and shared financial upside tied to achieving project targets. The model aligns incentives more directly than traditional delivery but requires sophisticated contract structures (ConsensusDocs 300, AIA C191), financial transparency, and a collaborative culture. IPD is still a minority of US construction, but it's grown significantly where the economic case works.