The Change Business Ltd
The Change Business Ltd
developing people
delivering projects
Integrated Form of Agreement (IFoA)
This is a new form of contract authored by Will Lichtig of McDonough Holland & Allen
The IFoA binds all the parties — client/owner, designers, constructor and trade partners — into a single agreement which requires them to share risks and rewards.
This encourages everyone in the team to think of the project first as their commercial interests are clearly bound up with the overall success of the project. In turn this means that leadership and decision making is both more inclusive and distributed.
IFoA:
sets performance and results expectations
creates a collaborative environment
creates an integrated team
optimises the project
encourages superior risk management
uses owner’s Business Plan is the basis for design requirements
incorporates Lean Project Delivery - including Last Planner®
incorporates language of reliable promising & commitments
establishes a collaborative governance structure for the project
The ConsensusDOCS300 contract, supported by the Associated General Contractors in the US, is another example of a relational agreement. It is a cut down version of the IFoA.
Will Lichtig