Answer :
Final answer:
The acronym for a highly collaborative building construction project delivery method with shared risks and rewards is IPD, which stands for Integrated Project Delivery. Therefore, the correct answer is option D)IPD.
Explanation:
The correct acronym for a recently developed building construction project delivery method that is highly collaborative and that features shared risks and rewards is IPD, which stands for Integrated Project Delivery. This method emphasizes a team-based approach where all key participants are fully participating in the design-build process, ensuring that the project is completed within the defined budget limitations. The synergy of experts working together from the onset cultivates an environment of shared incentives and holistic planning, which includes being on the same page for the expected outcomes and the methods to achieve them.
A signature trait of IPD is encouraging close collaboration among all stakeholders throughout the project's lifecycle, and by doing so, it aligns the interests of the team with the goals of the project, leveraging the combined expertise to optimize efficiency, reduce waste, and enhance innovation.
