Understanding the Components of a GMP

Richard E. Burnham, Esq.

• Retired director with Trauner Consulting Services, Inc.
• Hands-on experience with many types of construction projects and the spectrum of contract delivery methods from various perspectives
• Vice president of a major international contractor whose $1 billion annual revenue included major building and heavy construction projects for both public and private clients
• Senior manager of a major engineering company
• Advisor to public transportation agencies
• Expert witness regarding the proper administration and analysis of changes, delays and damages
• Consultant on major contract disputes throughout the United States
• Presenter of seminars and webinars on litigation avoidance, analysis of construction claims and critical path method scheduling
• Former adjunct professor at a highly regarded engineering college
• Contracts negotiated and drafted include many GMP contracts, as well as some of the largest public private partnerships, design-build, design-build-operate-and-maintain projects in the country
• Helped sureties and insurers manage risks and minimize losses, and has played a major role in several due diligence reviews relating to acquisitions and takeovers
• Helped structure, manage and administer numerous completion contract scenarios
• Published several articles dealing with GMP and other alternate project delivery methods in legal and construction industry publications
• J.D. degree, Villanova University School of Law; B.A. degree, Georgetown University