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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
September 5, 2024
For those of you who have not hired an attorney before, the idea of having an attorney review a contract may seem expensive and intimidating — it shouldn’t be.
The purpose of this article is to shed some light on the process of contract review.
Step 1 – Opinion Letter:
Step 3 – Communicating Proposed Changes to the Other Party:
September 5, 2024
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