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Amendment 2 Additionally Reviewed By b County Attorney Review Ann Colby c d e f g SECOND AMENDMENT TO DOCUMENTA121 CMc 2003 AND AGC DOCUMENT565 This Second Amendment To Construction Agreement Amendment amends the Document A121 CMc 2003 and AGC Document 565 between Seminole County Florida a political subdivision of the State of Florida and Skanska/WhartonSmith Joint Venture dated November 1 2006 Agreement and the GMP Amendment No. 1 to the Agreement executed on day of 2008 1ST Amendment and is...
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What is subject guaranteed maximum price?
Subject guaranteed maximum price is the maximum amount a contractor agrees to charge for a specific scope of work.
Who is required to file subject guaranteed maximum price?
The contractor is typically required to file the subject guaranteed maximum price.
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To fill out the subject guaranteed maximum price, the contractor must provide a detailed breakdown of costs for the specified scope of work.
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The purpose of subject guaranteed maximum price is to provide transparency and assurance to the client regarding the cost of the project.
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The subject guaranteed maximum price must include labor costs, materials costs, subcontractor costs, overhead, and profit margin.
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