Image from Google Jackets

Guaranteed maximum price contracts

By: Contributor(s): Language: English Series: CSM (Chartered Surveyor Monthly) ; 6(4) January 1997, 38-39(2)Publication details: 1997Subject(s): Summary: 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.

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.