Dudley College of Technology has announced that their new Institute of Transformational Technologies will be delivered using the Integrated Project Insurance (IPI) model.
The College has assembled an Alliance Partnership between ourselves, Speller Metcalfe, Derry Building Services, Fulcro, Cundall and GCA Consulting.
The £26 million Institute of Transformational Technologies (IoTT) will centre on level 4 training in technical sectors that currently suffer from high skills shortages, including modern construction methodologies, advancing manufacturing and medical engineering.
The announcement comes after the College’s successful bid to re-develop a plot of land close to Dudley town centre into an Institute of Technology was given Initial in principle approval by the Department for Education.
Following the successful completion of the award-winning Advance II - the UK’s first IPI project at Dudley College of Technology in 2017 - the institute will be the College’s second to be delivered using the innovative IPI approach, one of the preferred, alternative procurement models outlined in the Government Construction Strategy 2011-2015.
IPI involves a collaborative working contract that sees all members of the integrated project team selected at the project’s inception to form an interdisciplinary ‘alliance board’, with all members insured together under a single loss-based insurance product.
The model supports innovation by aligning the team around cost, time and quality, promoting a culture of mutual trust, no blame/no claim and the freedom for decisions to be made on a best for project basis. The whole scheme will be facilitated by IPInitiatives who developed and own the Integrated Project Insurance product.
The aim of the IoTT is to transform the economy of the Black Country and the Marches through an industry-led collaboration between employers, Higher Education and Further Education. Home of the industrial revolution and once the manufacturing capital of the world, mid-twentieth century failures in business strategy and investment have left a legacy of decline in the region. To help address these issues, the IoTT will provide high quality technical education and training, including higher level degree Apprenticeships in advanced manufacturing, modern construction methodologies and medical engineering; representing a significant mass of employment opportunities in the region. The IoTT’s focus will be on creating career pathways for product design engineers, manufacturing technology engineers, digital engineering technicians (BIM), construction assembly technicians, science industry maintenance technicians and biomedical systems engineers.