Water Design-Build Council Blog

Denis Dandeneau - CH2M - Vice President of Business Development

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Understanding the differences in Guaranteed Maximum Price (GMP) and Fixed-Price for Design-Build Delivery Projects

Posted by Denis Dandeneau - CH2M - Vice President of Business Development on Fri, Jul 21, 2017 @ 10:30 AM

The intent of this article is to further an Owner’s understanding of the commonly used pricing approaches for either Design Build or CMAR delivery methods. For additional information on these topics, please review the appropriate sections in the Water and Wastewater Design-Build Handbook (4th Ed).

When discussing Design-Build projects, there are potentially two forms of final project pricing and compensation: Guaranteed Maximum Price (GMP) or Fixed Price (FP). Owners and practitioners should be clear in their respective understanding of what each approach leads to in performance of services and responsibility for cost documentation.

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Topics: design-build