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Guaranteed maximum price contracts

Gander, A.

Guaranteed maximum price contracts - 1997 - CSM (Chartered Surveyor Monthly) 6(4) January 1997, 38-39(2) .

Explains how increasing requirement from clients to enter into a fixed lump sum type of contract has led to more guaranteed maximum price contracts. Examines the benefits and disadvantages of such an approach, and the issues to bear in mind to make GMP contracts work more efficiently.

Subjects--Topical Terms:
BUILT ENVIRONMENT-BUILDING CONTRACT FORMS
FIXED PRICE CONTRACTS
GUARANTEED MAXIMUM PRICE CONTRACTS

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