IPD Contracts (various versions)

IPD (Integrated Project Delivery) contracts are agreements that promote collaboration among project owners, designers, and builders from the start. Unlike traditional contracts where each party works separately, IPD contracts align incentives and share risks and rewards, fostering teamwork. Variations include single-purpose (focused on a specific project), multi-party (involving several stakeholders), and lease or joint venture arrangements. These contracts emphasize transparency, shared goals, and collective problem-solving, aiming to improve efficiency, reduce costs, and enhance project outcomes through integrated effort throughout the project lifecycle.