Sharing Risk and Reward: Integrated Project Insurance

Date: Tuesday 26th November 2024   Time: 13:00-14:30   Location: Online (Zoom)

How a new collaborative way of working can help deliver better, more sustainable buildings at lower cost

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.

Image L-R: IPI workshop at Cullinan Studio, Black Country & Marches Institute of Technology building in Dudley

There is clear evidence of IPI working in practice. Join us to find out more about pilot projects at Dudley College with architect Cullinan Studio, and IPInitiatives Ltd, 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.

Speakers and event hosts

Programme

13:00 Welcome from ASBP and Good Homes Alliance
– Dr. Katherine Adams – Technical Director, ASBP / Director, Reusefully
– Richard Broad – Projects Manager, Good Homes Alliance / Director, ASBP
13:10 An introduction to integrated collaborative working approaches
– Kevin Thomas – Managing Director, IPInitiatives Ltd
13:30 Case study: Dudley College
– Carol Costello – Practice Leader, Cullinan Studio
– Richard Pulford – Architect & Partner/Midlands Lead, Cullinan Studio
13:50 Why collaborative approaches are vital to new development
– Richard Pender – Development Manager and Delivery Lead, TOWN
14:05 Discussion/Q&A
14:30 Close

Key details

Date: Tuesday 26th November 2024

Time: 13:00-14:30

Location: Online (Zoom)

Fees*:

  • ASBP/GHA members – Free
  • Members of partner organisations** – £20
  • General admittance – £30

* All fees exclusive of VAT.

** Partner organisations include ACAN, AECB, BWF, CIBSE, CIOB, CIRIA, Fit for the Future, FIS, Good Homes Alliance, natureplus, Retrofit Works, Passivhaus Trust, SuperHomes, STBA, The Green Register and Woodknowledge Wales.

This online event is jointly hosted by the Alliance for Sustainable Building Products (ASBP) and the Good Homes Alliance.

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