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COST PLUS FEE (WITH GUARANTEED MAXIMUM) CONSTRUCTION CONTRACT BETWEEN OWNER AND CONTRACTOR This Construction Contract (the “Contract or “Agreement “) is made and entered into as of this day
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What is with guaranteed maximum construction?
Guaranteed Maximum Construction, also known as GMP, is a type of contract where the contractor agrees to complete a project for a set maximum price.
Who is required to file with guaranteed maximum construction?
The contractor or construction company is typically required to file the GMP contract.
How to fill out with guaranteed maximum construction?
To fill out a GMP contract, the contractor must outline the project scope, timeline, and cost estimate.
What is the purpose of with guaranteed maximum construction?
The purpose of a GMP contract is to provide transparency and financial protection for both the client and the contractor.
What information must be reported on with guaranteed maximum construction?
The GMP contract must include project details, cost breakdown, change order procedures, and dispute resolution mechanisms.
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