GMP Explained: How Guaranteed Maximum Price Contracts Really Work
0:33
YouTubeCRE Academy
GMP Explained: How Guaranteed Maximum Price Contracts Really Work
Guaranteed Maximum Price (GMP) is a common construction contract structure that shifts cost risk and aligns incentives between owners and contractors. This video explains: - What a GMP (Guaranteed Maximum Price) actually is - Why contractors eat cost overruns above the cap - How savings are often shared if costs come in under budget - Why ...
66 views3 weeks ago
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