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EXHIBIT C GUARANTEED MAXIMUM PRICE TO THE CONTINUING CONTRACT FOR CONSTRUCTION MANAGEMENT SERVICES/RFQ #18Q091DR BY AND BETWEEN THE SCHOOL BOARD OF BREVARD COUNTY, FLORIDA 2700 Judge Fran Jamieson
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It is a type of contract in which the contractor agrees to complete a project for a set price, with the guarantee that the final cost will not exceed a certain amount.
Contractors and clients involved in construction projects are usually required to use a guaranteed maximum contract.
The guaranteed maximum contract should be filled out with all project details, including scope of work, cost breakdown, timeline, and any special provisions.
The purpose is to provide certainty to both parties involved in a construction project by setting a cap on costs and ensuring that the project is completed within budget.
The contract should include details about the project scope, cost, change orders, schedules, payment terms, and dispute resolution procedures.
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