Impact Analysis of Integrated Project Delivery on the Value of Construction Project in China

Building information modeling (BIM) technology can effectively solve the problem of information sharing in construction project, but its benefit has not been maximized due to the lack of matching delivery. Even integrated project delivery (IPD) creates the collaborative environment for BIM, part of the IPD principles are still not yet implemented due to the unique present situation of construction industry and the bidding system in China. This paper has preliminarily explored the impact of the IPD principles on the value of the construction project in China via a questionnaire survey. The result shows that the practitioners of the construction industry in China basically think that the principles of IPD has a positive impact on the value of the construction project. Therefore, the purpose of the paper is to provide theoretical support for the feasibility of application of IPD in China and effective suggestions for the specific implementation of its principles.