Wednesday, November 30, 2011

Who are the critical stakeholders in IPD?

Welcome to the Collaborative Revolution!

Collaborative Construction has been providing integrated project delivery (IPD) facilitation services, conducting collaborative workshops and working closely with building information modeling (BIM) consultants for several years now.  The conventional wisdom is that IPD works best when owners, contractors and designers sign a tri-party agreement.  Collaborative Construction challenged that idea right out of the box, drafting a Multi-Party Agreement that could be signed my all the project stakeholdeers and helping other stakeholders craft, negotiate and implement Strategic Alliance Agreements among multiple parties regardless of the form of contracts used on the underlying project.

Today we are thinking about ways to expand the collaborative sandbox even further.  Collaborative Construction is working on an innovative new program called FISCAL Control that will enable planners, owners, designers, constructors, trade contractors, suppliers, and facilities managers to invite lenders, insurers and surty providers to the table early in the process.

Most stakeholders are familiar with OCIPs (Owner Controlled Insurance Programs) and CCIPs (Contractor Controlled Insurance Programs) and readers of this blog may have seen posts referencing the Collaborative Controled Insurance Programs we advocate.  The FISCAL Control program will take the OCIP/CCIP concept to a whole new level.  FISCAL Control means an integrated team operating in a BUILT environment has a program in place for collaborating regarding Finance, Insurance, Sureties, Contracts And Liability.  Involving lenders, insurers and sureties in an intelligent conversation about risk and risk mitigation from the outset benefits those institutional stakeholders and the project specific stakeholders.

In January I will speak at the Western Canadian Construction Superconference and I anticipate covering this concept in my presentation.  Additional events are in the works, including collaborative workshops highlighting the value of FISCAL Control, as defined above, and those interested in learning more should contact Collaborative Construction for mor information.

James L. Salmon, Esq.
Collaborative Construction
300 Pike Street
Cincinnati, Ohio 45202
Office 513-721-5672
Fax 513-562-4388
Cell 512-630-4446
Collaborative Construction Website
Sustainable Land Development International


Michael Bordenaro said...
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Michael Bordenaro said...

It is always informative to learn about your most recent activities and insights into collaborative agreements.

FISCAL Controls sounds like exactly what are needed for all projects. Hopefully this mechanism will accelerate the trusted relationship building needed to successfully complete the complex projects needed by society today.

I look forward to more on this topic in your blog.

Mike Bordnaro, Co-founder BIM Education Co-op

Anonymous said...

That's cool..

Check this out: