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Guaranteed Maximum Price (GMP) Contracts – Who Are They Good For?

Oct 19, 2021 | Blog, Finances, Job Bidding

In construction, “GMP” stands for “Guaranteed Maximum Price.” It is a contract whereby the General Contractor guarantees that the total cost of a project will not exceed a set amount. It is often a sort-of design-build kind of thing because the GC and its subs do the...

Guaranteed Maximum Price (GMP) Contracts – Who Are They Good For?

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