Aug 14, 2024 · We’ll take a deeper dive into how GMP contracts work, GMP contract examples, and the pros and cons of GMP contracts. What’s covered in a GMP contract? A GMP contract …

Sep 6, 2022 · Guaranteed maximum price (GMP) contracts are popular agreements. This guide discusses how they can work in a contractor's and customer's favor.

What is a GMP Contract? A guaranteed maximum price contract is a type of contract with a hard cap on the costs that the customer will pay for a project, regardless of what happens during …

Feb 19, 2025 · Ideal for large, complex projects, GMP contracts enhance cost control, transparency, and collaboration, ensuring efficient project execution without unexpected …

Dec 12, 2024 · A Guaranteed Maximum Price (GMP) contract is a construction agreement where the contractor agrees to complete a project within a specified price limit. If the actual project …

Dec 28, 2024 · One such financial tool that has grown in prominence is the Guaranteed Maximum Price (GMP) contract. This contract type provides a unique balance between cost control and …

Feb 4, 2025 · GMP stands for Guaranteed Maximum Price, a widely used contract type in construction and contracting. Under a GMP contract, the contractor agrees to complete a …

Aug 12, 2024 · A GMP contract sets a maximum price that a client would pay a project owner for a construction project – helping manage working capital. The guaranteed maximum price is …

Jan 13, 2023 · A Guaranteed Maximum Price (GMP) contract is a construction agreement that sets a ceiling on the amount an owner must pay the contractor, regardless of the actual cost …

Mar 26, 2025 · What is a GMP contract? A guaranteed maximum price (GMP) contract is a document that determines the maximum price a customer is to pay for a contractor's services, …