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Multi-Criteria Decision Modeling For Best Value Selections In Target Value Design Integrated Project Delivery, Brent Patrick Griffis Jun 2014

Multi-Criteria Decision Modeling For Best Value Selections In Target Value Design Integrated Project Delivery, Brent Patrick Griffis

Master's Theses and Project Reports

Integrated Project Delivery (IPD) combined with Target Value Design (TVD) is a better way to deliver value for the client than traditional guaranteed maximum price (GMP) methods. With traditional GMP delivery methods, the interests of the parties are often at odds. The goal of IPD is to align all party interests in order to achieve a win-win scenario. Due to the aligning nature of IPD and the fact that each party’s success is dependent on achieving the project objectives as a whole; a non-biased, transparent, decision-making process is necessary in order to deliver the project objectives within the constraints ...