Integrated project delivery, or IPD, is a revolutionary strategic planning approach that makes all partners – owners, contractors, and trade partners – stakeholders in a given project. Affected by the project outcome, each stakeholder earns a profit from project wins and shares in the cost of project failures. When implemented, the IPD process tends to drive down costs and foster teamwork and cooperation while speeding up each phase of the project.
For the Akron Children's Hospital, the IPD process incorporated an initial planning session, including the architect, engineers, contractors, and trade partners. The session pooled everyone's ideas and expertise to design the project and develop a plan for successful completion.
Initial project estimates totaled more than $100 million, but one of the benefits of an IPD approach is its ability to generate substantial cost savings in large-scale, multimillion dollar projects. The team reworked the plan, implemented new techniques, and brought the project within budget at a cost of $84 million.