Guaranteed maximum price
id:
guaranteed-maximum-price-244-619395
title:
Guaranteed maximum price
text:
A guaranteed maximum price contract is a cost-type contract such that the contractor is compensated for actual costs incurred plus a fixed fee, limited to a maximum price. The contractor is responsible for cost overruns greater than the guaranteed maximum price, unless the GMP has been increased by a formal change order. Savings resulting from unexpectedly low costs are returned to the client. This is different from a fixed-price contract, also known as stipulated price contract or lump-sum cont
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Guaranteed_maximum_price
date created:
date modified:
2023-09-25T03:08:30Z
main entity:
{"identifier":"Q2698176","url":"https://www.wikidata.org/entity/Q2698176"}
image:
fields total:
13
integrity:
13