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A GMP contract, or Guaranteed Maximum Price contract, establishes a financial ceiling for project costs, aimed at providing cost certainty and mitigating risk for project owners. This article guides you through the intricacies of GMP contracts, from understanding their structure and benefits to assessing their suitability against other types of construction contracts. We’ll explore how to manage risks, control costs, and leverage the unique advantages these contracts offer for a successful project execution.
October 31, 2024
In this article, we explain some of the most important clauses for employers to include in employment contracts and independent contractor agreements. We explain non-compete clauses, non-solicitation clauses, trade secret clauses, confidentiality clauses, and non-disparagement clauses in the context of protecting an employer's interests through employee and independent contractor agreements.
September 5, 2024
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