TY - CONF TI - An Analysis of Potential Misalignments of Commercial Incentives in Integrated Project Delivery and Target Value Design C1 - Perth, Australia C3 - 23rd Annual Conference of the International Group for Lean Construction SP - 277 EP - 286 PY - 2015 AU - Do, Doanh AU - Ballard, Glenn AU - Tommelein, Iris D. AD - M.S. Graduate, Civil and Environmental Engineering. 407 McLaughlin Hall, Univ. of California, Berkeley, CA 94720-1712, USA.doanhqdo@gmail.com AD - Research Director of the Project Production Systems Laboratory at the Univ. of California, Berkeley.ballard@ce.berkeley.edu AD - Research Director of the Project Production Systems Laboratory at the Univ. of California, Berkeley.ballard@ce.berkeley.edu ED - Seppänen, Olli ED - González, Vicente A. ED - Arroyo, Paz AB - The misalignment of commercial incentives of a project delivery system can lead to client dissatisfaction, litigation, cost overruns, and adversarial relationships amongst project participants. Started in 2005, the goal of Integrated Project Delivery (IPD) is to better align the commercial incentives of project participants in the AEC industry. Started in 2004, the goal of Target Value Design (TVD) is to steer the design and construction of the project to maximize customer value within project constraints. Recently, IPD and TVD have become more widely used in the United States’ AEC industry. In this paper, we ask the following question: What are the misalignments of commercial incentives that can occur with IPD and TVD? We identified misalignments on 6 IPD/TVD projects. Additionally, we used a creative brainstorming exercise to propose possible misalignments, which were not reported in the case studies. For AEC practitioners and owners, understanding the potential misalignments may help them avoid these problems on their projects. KW - Target value design KW - integrated project delivery KW - relational contract KW - incentives PB - T2 - 23rd Annual Conference of the International Group for Lean Construction DA - 2015/07/29 CY - Perth, Australia L1 - http://iglc.net/Papers/Details/1168/pdf L2 - http://iglc.net/Papers/Details/1168 N1 - Export Date: 28 March 2024 DB - IGLC.net DP - IGLC LA - English ER -