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Home ยป ConsensusDocs’ Two New Documents Help Facilitate Success for GMP Contracts and Directed Changes
Construction Law

ConsensusDocs’ Two New Documents Help Facilitate Success for GMP Contracts and Directed Changes

February 21, 2023Updated:March 6, 2024No Comments3 Mins Read
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In light of price escalation, supply chain challenges, and inflation, more industry practitioners are considering and using cost-of-the-work agreements that may or may not include a guaranteed maximum price (GMP).  ConsensusDocs publishes several cost-of-the-work agreements and recently released a new standard contract document to support a cost-of-the-work agreement with a...

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Latest News

Construction Spending Decreases By 0.3 Percent From April To May And 3.5 Percent Over 12 Months, Marking Largest Yearly Drop Since 2019

July 1, 2025

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