A tie system for an insulated concrete panel. The tie system includes a first structural member formed with a first hub and a pair of first extension members coupled to the first hub. The first extension members extend outwardly from the first hub in generally opposite directions. The tie system further includes a second structural member formed with a second hub and a pair of second extension members coupled to the second hub. The second extension members extend outwardly from the second hub in generally opposite directions. As such, the first and second hubs may be rotatably coupled to one another in a manner that permits rotation of the hubs relative to one another. Thus, the tie system is shiftable between a collapsed configuration and an expanded configuration by rotating the first and second structural members relative to one another.