More than five years into a collaborative building-production movement called integrated project delivery, warnings abound: Don’t try this with strangers. New risks replace old ones. Beware of waivers of claims. Get ready to open your books. Expect lengthy contract negotiations. Prepare to share any profits. Understand that multiparty contracts have not been tested in court. Related Links: Insurance for Shared-Fault Projects Coming Soon But Costly The advice is not just from lawyers and skeptics. Even IPD zealots admit IPD may change the designers’ standard of care. They acknowledge there are no insurance products covering multiparty contracts. They caution that successful
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.