Integrated Project Delivery (IPD) isn't traditional design and construction, especially when there is an Integrated Form of Agreement (IFOA) in place. Subscribe to never miss new videos here: https://rb.gy/q5vaht.
Your shared profit distribution, the profit pool distribution on a standard IFOA. You put your profit at risk and if you bring the project in under you disperse not only your profit that you've put into the project, but the what's left over the incentive compensation layer. The ICL, everybody who is a member of the team gets a piece of the ICL based on their percentage of their input into the master contract.
This contract method requires
✅ full transparency
✅ collaborative negotiations
✅ honesty about profit and overhead costs
✅ vulnerability based trust
Sean Graystone shares his 40 plus years of experience in construction including little-known industry insights including Agile contracts. He is currently working as an Owner’s Representative. Sean specializes in collaborative project delivery, Integrated Project Delivery (IPD), Independent/Integrated Forms of Agreement (IFOAs), change implementation and management, historic structures, is an Approved Instructor for the Lean Construction Institute, and certified instructor for the AGC Lean Construction Education Program (AGC-LCEP). Sean is also a member of the AGC Lean Construction Forum Steering Committee.
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