Question

Which type of delivery method will reduce individual risk, increase project efficiency, reduce waste, and maximize value to the owner?

1) Design-Bid-Build
2) Design-Build
3) Construction Management
4) Integrated Project Delivery

Answer 1

Integrated Project Delivery (IPD) is the type of delivery method that reduces risk, increases efficiency, minimizes waste, and maximizes value to the owner. The correct option is: 4) Integrated Project Delivery.

Step-by-step explanation:

The type of delivery method that will reduce individual risk, increase project efficiency, reduce waste, and maximize value to the owner is Integrated Project Delivery (IPD).

IPD is a collaborative approach that involves early involvement of key stakeholders, including the owner, architect, contractor, and other relevant parties. It emphasizes close coordination, shared responsibility, and integrated decision-making throughout the entire project lifecycle.

This method aims to align the interests of all stakeholders towards achieving common goals, resulting in improved communication, reduced conflicts, and enhanced project outcomes.