Guaranteed Maximum Price (GMP)

Guaranteed Maximum Price (GMP) is a type of construction contract where the contractor agrees to deliver the project within a set maximum price.

If the project costs exceed this limit, the contractor absorbs the additional expenses, providing cost certainty to the client.

Understanding guaranteed maximum price (gmp) is part of running a tight construction operation. Projul gives contractors one platform to manage bids, schedules, costs, and communication, so nothing slips through the cracks.