Guaranteed Maximum Price contracts, or GMP contracts, have attractive features for both employers and contractors. Employers do not have to worry about exceeding their budgets, and contractors get to work within a fixed job scope. Download this white paper to learn about the different components of GMP contracts as well as the common issues.
Learning Objectives
- Identify components of a GMP Contract.
- Review elements for GMP Contracting.
- Define GMP money risks.
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