Common Contracts
1 similar Integrated Form of Agreement contracts
Integrated Form of Agreement for Integrated Lean Project Delivery Among Owner, Architect & CM/GC.Integrated Form of Agreement • August 29th, 2020 • Saskatchewan
The Integrated Form of Agreement (IFOA) is the contract model used for the Five Hills Health Region (FHHR) New Regional Hospital Project that features a single tri-party agreement between the Owners, the Prime Architect and the General Contractor. One of the unique things with this agreement is that the Designers and Builders put all or a significant portion of their profit at risk. In addition the Designers and Builders are incentivized to offer creative, innovative solutions to maximize quality to meet the Owners needs. Partners are rewarded by sharing in any cost savings with the Owners. The FHHR New Regional Hospital Project is the first project in Canada to adopt this type of construction contract.
