Integrated Project Delivery & Insurance: Getting a Handle on the Risks & Unknowns Associated with Multiparty Contracts
Learn At Your Own Pace -
You can take this course and follow along at your own pace. Speed up, slow down, or stop now and finish later.
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Learning Objectives -
At the end of this course you will be able to:
Credits: 1 AIA LU
- Determine the financial risks of IPD
- Recognize the potential liabilities of IPD
- Understand how to negotiate a multiparty contract
- Compare IPD insurance products
Integrated project delivery (IPD), the latest shift toward collaborative design and construction in which the owner, architect and contractor share risk and reward under a single contract, is still not consistently defined, understood or practiced. But there is agreement that IPD contracts and behaviors can blur the lines between design and construction, raising serious questions about liability that have yet to be tested in the courts. Experts also agree that there is a disconnect between IPD and traditional insurance products. With IPD contracts, there are often waivers of liability or limits placed on liability (the building team's architect, contractor and owner generally promise not to sue each other or even point fingers). That can negate insurance products, which are underwritten and triggered on the basis of claims and fault. Insurers have been struggling for several years to develop products that cover the new risks associated with the no-fault environment of IPD's multiparty contracts. This webinar will feature a construction lawyer, risk manager and insurance expert, and will provide members of the building team with critical information about insurance issues and risk management in an IPD world. It will also explore emerging IPD insurance products.
This course is a presentation designed to earn you 1.00 AIA/CES Learning Unit. Use the onscreen controls to pace the presentation to your liking, and then click "Take the Course Test" to take the exam for this course and earn your credit.
- Integrated Project Delivery & Insurance: Getting a Handle on the Risks & Unknowns Associated with Multiparty Contracts
This test is no longer available for credit