We explain the basics of #GuaranteedMaximumPrice #ConstructionContracts, including an explanation of contingencies and allowances, two common components of these types of #contracts.  We also describe different types of #PricingStructures that can be used in general contractor agreements.  One of the most common price structures is for the owner to pay the contractor the cost of work plus the contractor’s fee.
Check out our article on this topic: https://www.oflaherty-law.com/our-law-blog/guaranteed-maximum-price-construction-contracts-explained-what-are-contingencies-allowances-in-construction-contracts

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Guaranteed Maximum Price Construction Contracts Explained | Learn About Law

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