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Interim Project Alliance Agreement

Interim Project Alliance Agreement 2025

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The Interim Project Alliance Agreement (IPAA) outlines the framework for collaboration between Transit New Zealand and selected construction and design organizations for pre-construction activities related to a specific project. It serves as a preliminary agreement to establish roles, responsibilities, compensation terms, and governance structures while allowing for feedback from stakeholders. The document emphasizes the importance of collective responsibility, open communication, and risk management in achieving project objectives. It also details provisions for insurance, intellectual property rights, and the duration of the agreement.

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What are the three types of project contracts?

Types of Contract Fixed Price Contract (FP) Time and Material Contract (TM) Cost Reimbursable Contract (CR)

What is a project alliance?

Alliance projects involve the owner and non-owner participants collaborating to deliver a project, with all participants sharing the responsibility for project risks and for achieving project objectives.

How do alliance contracts work?

Alliancing is a co-operative form of contracting where the participants enter into a relationship (alliance) which is designed to align the commercial interests of the participants. Each participant in the alliance will share in the success or failure of the project and in decision making and risk management.

What is an alliance agreement?

Alliance agreements allow separate entities to join together on a specific project while protecting their other ventures from liability. Alliance agreements cover terms like each parties obligations in the partnership, guarantees, collateral, and consequences of expiration or termination of the contract.

What is the alliance contract structure?

Alliance Contract - Governance Structure Typically, these agreements have a joint management structure akin to the governance structure of a private company. Provide High-Level Strategic Direction, similarly to a companys board. Typically involves at least one senior manager representative from each party.

What is a project alliance agreement?

Under an alliance contract, the Owner and the Non Owner Participants. (NOPs) work together to collaboratively determine the best project solution and. deliver the project.

Interim Project Alliance Agreement 2025

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