Integrated project insurance (IPI) is to be trialled at the £16m revamp of Derby Silk Mill.
The Derby Silk Mill building is widely considered as the place where worldwide factory working originated from and forms part of the Unesco Derwent Valley Mills World Heritage Site.
The heritage project will reveal the whole building for the first time and re-introduce manufacturing to the site.
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Under the IPI approach all key packages will be appointed from the outset to work out the best way to achieve and develop the project’s cost plan, which is insured by IPI.
It will be one of the trial projects supported and monitored by the Cabinet Office as part of a review of best practice project delivery.
IPI was one of three alternative procurement models outlined in the Government Construction Strategy 2011-15.
The entire project is wrapped in the integrated project insurance policy, protecting the client’s investment and the team’s liabilities.
Firms interested in bidding will be invited to attend an industry day on 1 June at the Derby Silk Mill site.
Architect Bauman Lyons and exhibition designer Leach have been working with the Derby Museums’ team for the past year
They will convert to the Alliance Contract and IPI model once the full team is in place.
Image: Wikipedia/Unnamed Thompski from Manchester, United Kingdom
