In previous research on IPD projects, it was discovered that 4 of 26 projects went over budget and risk pool member companies made no profit. Also, on those 4 ‘failed’ projects, clients reported that the constructed buildings were fit for purpose, with no compromises in program or quality; and the worst cost overrun was 8% above budget. This finding provoked some questions this research will try to answer.
- Is that 15% failure rate (4/26) representative of the larger population of IPD projects, and if so, what can be done to reduce or eliminate those failures.
- How do IPD and non-IPD projects compare as regards cost overruns, profitability of AEC firms and fitness for purpose of constructed assets?