This afternoon, TOWN's Delivery Lead, Richard Pender, will be joining ASBP and Good Homes Alliance for an online event exploring collaborative approaches to insurance and risk sharing, including discussion on Integrated Project Insurance as a procurement model. Tickets here: https://lnkd.in/eSkJ9YxB
Join ASBP and Good Homes Alliance to hear about a new collaborative way of working that can deliver better buildings at lower cost. 26 Nov 2024 online at 13:00 GMT. https://lnkd.in/eSkJ9YxB The construction process is broken. Traditional conventions lead to lowest cost tendering and one-sided onerous contracts. Each party involved in a building project – the client, architect, engineer, contractor and their suppliers, is required to obtain their own expensive insurance policies such as professional indemnity, construction all risks, third party liability, product liability. The list goes on… There are calls for more collaborative approaches to insurance and risk sharing to ensure better outcomes. Is there a solution out there? Integrated Project Insurance or ‘IPI’ is an innovative model of procurement which unlocks the potential benefits of integrated collaborative working. IPI includes an innovative, blame-free insurance product which collectively insures the client and all the other project partners. All the usual insurance products are covered under a single alliance contract, with conditions that incentivise shared responsibility. This eliminates the problems of conflicting insurance concerns and supports improved collaboration between all parties to deliver better outcomes and create value for all stakeholders. There is clear evidence of IPI working in practice. Join us to find out more about pilot projects at Dudley College with architects Carol Costello & Richard Pulford of Cullinan Studio, and IPInitiatives Limited, one of the key supporters and custodians of the IPI model. Plus, hear lessons learned from developer TOWN. on efforts to adopt a more collaborative approach to new development. Tuesday 26th November 2024, 13:00-14:30 GMT, Online (Zoom. FREE for ASBP and GHA members, from £20 for others. https://lnkd.in/eSkJ9YxB