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Akron

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CASE STUDY
Shared Risk. Shared Reward. Insuring The Akron Children’s Expansion
How a major metro-area hospital called on Integrated Project Delivery (IPD) – and a breakthrough insurance solution – to get its largest construction expansion in history off the ground

Overview
From the project’s initiation in 2010, the leaders behind Akron Children’s Hospital $200 million expansion “Building on the Promise” were dedicated to setting a new standard in the development and delivery of health care facility construction. Specifically behind this vision was Grace Wakulchik, Chief Operating Officer Akron Children’s Hospital, who drove the innovative and collaborative project approach. This included the incorporation of design feedback from all segments of the community – both civic and medical – to ensure an optimal patient and family experience. It also featured a commitment to lean construction principles, with the Integrated Project Delivery (IPD) method at the center of the plan. In contrast to the traditional Design-Bid-Build model, by definition, an IPD signifies that all constituents involved – from owners, to architects, to subcontractors and more – operate under the same governing contract. This shared risk/shared reward model is designed to give all parties an equal voice and to provide inherent project benefits including, but not limited to: reducing waste, lowering costs, supporting collaboration and maximizing productivity. For every decision, and at every stage, the IPD method focuses on what is in the best interest of the project. OCIPs insure all contractors and subcontractors of a construction project under a single policy. This includes worker’s compensation, general liability, umbrella/excess liability, and in some cases, builder’s risk, professional liability and environmental liability. Relationships with carriers able to underwrite this type of program, and

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