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What does GMP stand for?

GMP stands for Guaranteed Maximum Price (building construction)

This definition appears very frequently and is found in the following Acronym Finder categories:

  • Business, finance, etc.

See other definitions of GMP

Other Resources:
We have 187 other meanings of GMP in our Acronym Attic

Samples in periodicals archive:

Once the Guaranteed Maximum Price (GMP) is agreed upon, the City staff may recommend to City Council to award the Construction Management firm the Construction Manager at Risk Contract (Exhibit B Contract, and Exhibit C Truth in Negotiation certificate).
The most common type of contract here in Dubai is Guaranteed Maximum Price (GMP), where the contractor is given a lump sum price, regardless of potential fluctuations in the pricing of materials.
Star's partnering approach included agreeing a guaranteed maximum price and ensuring the project was delivered on budget.
All we are now waiting for is for the Welsh Assembly Government to approve the land disposal and for a guaranteed maximum price contract to be agreed with the stadium builders, Laing O'Rourke.