Common use of Details and Effect of the GMP Cost Limitation Clause in Contracts

Details and Effect of the GMP Cost Limitation. The Design-Builder recognizes that the Design Builder is required to design the Project such that the initial Guaranteed Maximum Price will not exceed the GMP Cost Limitation.

Details and Effect of the GMP Cost Limitation. The Design-Builder recognizes that the Design Builder Professional is required to design the Project such that the initial Guaranteed Maximum Price will not exceed the GMP Cost Limitation.