Guaranteed Maximum Price Clause

This Guaranteed Maximum Price clause may be included in a construction management agreement where the construction manager is acting as the contractor. This clause sets forth the procedure for establishing and adjusting the guaranteed maximum price, and the parties' rights and responsibilities in relation to cost of work. For a full listing of key content covering purchasing and selling commercial real estate, see Owner and Contractor Agreement Resource Kit. For a full listing of key content covering construction, see Construction Resource Kit.