What approach provides a wide spectrum of contracting structures and allows significant owner participation?

The Integrated Project Delivery (IPD) approach is designed to foster collaboration and information sharing among all stakeholders, including the owner, design team, and construction team. This method emphasizes joint decision-making and collective responsibility, which allows for significant owner participation throughout the project lifecycle.

In IPD, contracts are structured to align the interests of the team, often involving shared risks and rewards. This approach encourages open communication and collaboration, leading to more innovative solutions and the ability to respond flexibly to changes and challenges as they arise. The owner's active involvement is fundamental to the process, allowing them to influence design decisions and project direction, thus maximizing their investment and satisfaction.

By promoting strong collaboration and shared objectives, IPD effectively provides a wide spectrum of contracting structures that can adapt to the specific needs of the project and the stakeholders involved. This stands in contrast to other approaches that may limit owner input or create more traditional, siloed responsibilities among participants.