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ORANGE COUNTY PUBLIC SCHOOLS GUARANTEED MAXIMUM PRICE PROPOSAL FOR NAME OF THE SCHOOL OCS PROJECT NUMBER SUBMITTED BY : FIRMS NAME DATE: TABLE OF CONTENTS FACILITIES & CONSTRUCTION CONTRACTING REQUIREMENTS
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How to fill out guaranteed maximum price proposal

How to fill out guaranteed maximum price proposal
01
Start by gathering all necessary information and documents for the project.
02
Identify and understand the scope of work for the project.
03
Review the project plans, specifications, and any other relevant documents.
04
Calculate the estimated costs for each scope of work involved.
05
Consider factors such as labor, materials, equipment, overhead, and contingencies in the cost estimation process.
06
Prepare a detailed breakdown of the estimated costs, including line items for each scope of work.
07
Clearly define any exclusions or limitations in the proposal to avoid any misunderstandings.
08
Include a schedule for completing the project and milestones.
09
Present the guaranteed maximum price proposal to the client for review and approval.
10
Address any questions or concerns the client may have regarding the proposal.
11
Make any necessary revisions to the proposal based on client feedback.
12
Once the proposal is finalized and approved, both parties should sign a contract or agreement to formalize the agreement.
Who needs guaranteed maximum price proposal?
01
Construction companies and contractors who want to provide transparency and cost control to their clients.
02
Clients who want to limit their financial risk and ensure the project is completed within a set budget.
03
Projects with uncertain or evolving scope where costs need to be closely monitored.
04
Government agencies and organizations that require competitive bidding and cost accountability.
05
Clients who want to compare and select the most cost-effective contractor for their project.
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What is guaranteed maximum price proposal?
A guaranteed maximum price proposal is a pricing arrangement where a contractor guarantees that the project will not exceed a specified maximum price.
Who is required to file guaranteed maximum price proposal?
Contractors or construction companies are usually required to file guaranteed maximum price proposals.
How to fill out guaranteed maximum price proposal?
Fill out the guaranteed maximum price proposal form with accurate cost estimates, project details, and any other required information.
What is the purpose of guaranteed maximum price proposal?
The purpose of a guaranteed maximum price proposal is to provide clients with cost certainty and protection against cost overruns.
What information must be reported on guaranteed maximum price proposal?
The guaranteed maximum price proposal must include detailed cost breakdowns, project schedules, and any relevant terms and conditions.
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