What is it about?
Although Guaranteed Maximum Price (GMP) contracts have become popular, GMP projects experience high levels of risk. Many GMP projects exceed the predetermined GMP values, failing to achieve the main motive behind this concept. Thus, we identified a risk management process for GMP projects.
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This page is a summary of: Risk management in guaranteed maximum price (GMP) contracts, Smart and Sustainable Built Environment, January 2022, Emerald,
DOI: 10.1108/sasbe-09-2021-0176.
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