What is a GMP contract and should I require one?
Answers from the sources
Echelon Valley Construction Group
“A Guaranteed Maximum Price (GMP) contract sets a ceiling on your total construction cost. The contractor absorbs cost overruns above the GMP. For commercial TIs with defined scopes, a GMP protects you from budget surprises and is strongly recommended. Echelon Valley offers GMP contracts on qualified commercial projects.”
Sourceechelonvalley.com
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- Published
- 2026-10-26
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- 2026-10-26
- ready-scan-subjects/Q140135107
- revision Q140135107:content:dc7513c5b75da70e