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A guaranteed maximum price (also known as GMP, not-to-exceed price, NTE, or NTX) contract is a cost-type contract (also known as an open-book contract)
Guaranteed_maximum_price
Type of civil engineering contract
construction plans, specifications etc. available, otherwise, the guaranteed maximum price (GMP) is preferred to be included to compensate for this lacking
Construction_contract
Standard phrase in contract law
and suppliers. Many time and materials contracts also carry a guaranteed maximum price, which puts an upper limit on what the contractor may charge but
Time_and_materials
Type of construction contract
from guaranteed maximum price in a sense that the contractor is responsible for additional costs beyond the agreed price, however, if the final price is
Lump_sum_contract
Project delivery strategy in the construction industry
The contract may include a cost estimate with no guarantee or there may be a Guaranteed Maximum Price (GMP). However, even with a GMP, there can be argument
Fast-track_construction
Bridge project in Baltimore, Maryland, US
design/engineering and construction". If the agency and team cannot agree on a "guaranteed maximum price", MDTA will seek a builder under a separate contracting mechanism
Francis Scott Key Bridge replacement
Francis_Scott_Key_Bridge_replacement
Type of rental fee
also known as a cost plus contract. Such a contract may contain a Guaranteed Maximum Price (GMP) but in RUBS, they typically do not. RUBS has been criticized
Ratio_Utility_Billing_System
Professional service
price for project delivery Cost plus fee – Owner pays cost plus a fee/percentage Guaranteed maximum price – Cost-plus contract with a cap Unit price –
Construction_management
Topics referred to by the same term
a measure of goods and services produced Guaranteed maximum price, as agreed in some contracts Guaranteed Minimum Pension, in UK occupational pensions
GMP
Topics referred to by the same term
caseinoglycomacropeptide (CGMP) or caseinomacropeptide; see K-casein Competitive guaranteed maximum price This disambiguation page lists articles associated with the title
CGMP
construction services. Often this may be accomplished by agreeing on a guaranteed maximum price (GMP) for the project. The firm then delivers the project. Typically
Pre-construction_services
American industrial engineer (1868–1924)
article in Industrial Magazine in 1907, comparing it to fixed price and guaranteed maximum price methods. Many of his prolific advertisements throughout the
Frank_Bunker_Gilbreth
Casino resort in the United States
construction. PCL alleged that Monarch repeatedly declined to approve a guaranteed maximum price, and Monarch called the suit "an attempt to deflect attention from
Monarch_Casino_Resort_Spa
architects and engineers. The GC would then provide an initial guaranteed maximum price (GMP) to try to minimize the construction cost. The method also
Integrated Project Management Approach
Integrated_Project_Management_Approach
Contract involving additional payment to allow for risk and incentive sharing
article in Industrial Magazine in 1907, comparing it to fixed price and guaranteed maximum price methods. Cost-plus contracts were first used by the government
Cost-plus_contract
on October 16, 2014, for the construction of two ferries for a guaranteed maximum price of $101,513,651. Tazlina is 280 feet (85 m) long, with a beam of
MV_Tazlina
Skyscraper in Manhattan, New York
workers. Bovis Lend Lease was hired as general contractor based on a guaranteed maximum price at-risk contract, while Insignia/ESG was hired as the leasing agent
Deutsche_Bank_Center
Services for the MBTA Quincy Bus Maintenance Facility Project: Final Guaranteed Maximum Price (GMP) Amendment" (PDF). Massachusetts Bay Transportation Authority
List of Massachusetts Bay Transportation Authority yards
List_of_Massachusetts_Bay_Transportation_Authority_yards
Greater Boston bus network
Services for the MBTA Quincy Bus Maintenance Facility Project: Final Guaranteed Maximum Price (GMP) Amendment" (PDF). Massachusetts Bay Transportation Authority
MBTA_bus
Process of determining what a company will receive in exchange for its products
perspective, an efficient price is one that is very close to the maximum amount customers are prepared to pay. In economic terms, it is a price that shifts most
Pricing
Washington Metro station in Virginia, US
ARLNow. Retrieved July 17, 2023. "Comprehensive Agreement and Guaranteed Maximum Price (GMP) between East Entrance L.L.C., a Joint Venture between JBG
Crystal City station (Washington Metro)
Crystal_City_station_(Washington_Metro)
Government- or group-imposed price control
price support; other types include supply regulation and guarantee government purchase price. A price floor must be higher than the equilibrium price
Price_floor
Subway station in Boston, Massachusetts, US
to be completed by fall 2029. The MBTA approved a $151 million guaranteed maximum price for construction in February 2026. Construction began during a
Symphony_station_(MBTA)
Historic site in Fort Myers, Florida, USA
in the year, The Board of Lee County Commissioners approved a guaranteed maximum price of $701,697 for Compass Construction to tear down the old grandstand
Terry_Park_Ballfield
American game show
answers given, the payout total, and the team's final bank. The maximum possible guaranteed payout in the first two seasons is $495,000, obtained by scoring
The_Wall_(American_game_show)
American actor (born 1987)
Keefus / Jeff Recurring role 2022–2024 Quantum Leap Dr. Ben Song Main cast 2026 Maximum Pleasure Guaranteed Steve 4 episodes Sugar Ji Moon 3 episodes
Raymond_Lee_(actor)
Standardised contract to buy or sell an asset at a future date
maintained throughout the life of the contract to guarantee the agreement, as over this time the price of the contract can vary as a function of supply
Futures_contract
never producing a winner. In doing so, the game became the only pricing game which guaranteed a winner and use more than one player at a time. After the first
List of The Price Is Right pricing games
List_of_The_Price_Is_Right_pricing_games
Act of the Parliament of the United Kingdom
century, and they benefited from the guaranteed price and annual price review introduced under the act. Guaranteed markets also absorbed agriculture "into
Agriculture_Act_1947
Trade association for the UK and Ireland structural steel industry
Second World War the Ministry of Supply enforced control on maximum structural steel prices through an Iron and Steel Control department. Post war, it
British Constructional Steelwork Association
British_Constructional_Steelwork_Association
Unconditional social welfare proposal
idea of a guaranteed income for every American also took root. Notably, a 1968 document, signed by 1200 economists, called for a guaranteed income for
Universal_basic_income
Instrument of agriculture price policy in India
The minimum support price (MSP) is the minimum price for select crops raised in kharif and rabi seasons that the Government of India considers as remunerative
Minimum_support_price_(India)
Type of mortgage loan in the United States
termination dates for applying for VA-guaranteed housing loans. This 1970 amendment also provided for VA-guaranteed loans on mobile homes. More recently
VA_loan
Lottery
September 2016, the price per line in the UK was increased by an additional 50p to £2.50. In January 2019, the number of guaranteed winners in the UK Millionaire
EuroMillions
trade freely until the market attains a Competitive Equilibrium. This is a price-vector and an allocation, such that (a) each allocated bundle is optimal
Approximate Competitive Equilibrium from Equal Incomes
Approximate_Competitive_Equilibrium_from_Equal_Incomes
ISO standard
that added to the fact that the price of these models is usually very high, make it difficult to buy a totally guaranteed product. One solution to this
ISO_13406-2
American actor
series in 2020 called Sorry, Charlie with his friend since high school, Jack Price. Hall plays Tyler Laramy, a member of the Bel-Air basketball team on the
Charlie Hall (actor, born 1997)
Charlie_Hall_(actor,_born_1997)
Mortgage loan offered to rural property owners
will pull a family under the Maximum Household Income Limit. Approved lenders under the Single Family Housing Guaranteed Loan program include: Any State
USDA_home_loan
Platforms for betting on events
trades at prices defined by the cost function, providing guaranteed liquidity even in the case of low trading activity. For each outcome, the price is equal
Prediction_market
Intel microprocessor family
times and Base Power is only guaranteed when P-Cores/E-cores do not exceed the base clock rate. Max Turbo Power: the maximum sustained (> 1 s) power dissipation
Alder_Lake
Wage control law
A maximum wage, also often called a wage ceiling, is a legal limit on how much income an individual can earn. It is a prescribed limitation which can
Maximum_wage
dispersion. Even when consumers search, price dispersion is not guaranteed. Consumers may search, yet firms set the same price, negating the mere fact of searching
Price_dispersion
Concept in economics
including payments for non-production, government purchasing at a guaranteed price, and even deliberate destruction. This is typically done in agricultural
Artificial_scarcity
minimum guaranteed income (that is, average yield multiplied by the minimum support price). If the actual income was less than the guaranteed income,
Agricultural insurance in India
Agricultural_insurance_in_India
Non-competitive bidders are guaranteed to win the auction i.e. to receive securities, but there is no guarantee on the price or yield received. They leave
Single-price_auction
Modification of market activity
contrast to a price floor, a price ceiling establishes a maximum price at which a transactions can occur in a market. A serious issue for price floors as
Market_intervention
Minimum occupational pension for certain contracted-out UK service
scheme is required to pay increases in line with the Consumer Price Index up to a maximum of 3%. The change in rules led to a distinction between Pre 1988
Guaranteed_Minimum_Pension
Kind of fair item allocation
random single price achieves revenue within O(log n) of the maximum welfare. A lower bound for fractionally subadditive buyers: any single price has approximation
Envy-free_pricing
Canadian lottery game
game consists of two components: The "Gold Ball Draw", formerly the "guaranteed prize draw", which is a raffle prize of at least $1 million that is awarded
Lotto_6/49
Intel microprocessor series released in 2026
supporting operational temperatures from -55°C to 125°C and offering a guaranteed 10-year lifetime. There are two SKUs with TDP of 10 and 35W. Panther Lake
Panther_Lake_(microprocessor)
Greenhouse gas emission market
Carbon pricing (or CO2 pricing) is a method for governments to mitigate climate change, in which a monetary cost is applied to greenhouse gas emissions
Carbon_price
Monetary policy
directs the Federal Reserve to pursue policies promoting "maximum employment, stable prices, and moderate long-term interest rates". The Fed long ago
Price_stability
Tendency to base judgments on an irrelevant anchor
House Price Index could be used as anchors in predicting current house prices. The findings were used to indicate that, in forecasting house prices, these
Anchoring_effect
BBC game show
contract, the team receives their final bank total instead. The maximum possible guaranteed payout is £52,500 (series 1–3) or £60,000 (series 4), obtained
The_Wall_(British_game_show)
Type of purchase order
discount pricing through volume commitments or price-breaks. On the supplier's side, a blanket order may provide the benefit of guaranteeing ongoing business
Blanket_order
UK market support mechanism for low carbon electricity generation
volumes and the gap between strike and reference prices. Strike prices function as guaranteed minimum prices per megawatt-hour that generators receive for
Contracts for Difference (UK energy)
Contracts_for_Difference_(UK_energy)
Provides conditions for a parametric optimization problem to have continuous solutions
The maximum theorem provides conditions for the continuity of an optimized function and the set of its maximizers with respect to its parameters. The
Maximum_theorem
National Basketball Association payment cap
Released/waived players with guaranteed contracts continue to be included in their former team's payroll. Players whose contracts are guaranteed are included in team
NBA_salary_cap
Political party in Iceland
To guarantee that public housing associations make up at least 25% of the housing market in 20 years. To implement a ceiling on the maximum price for
Socialist_Party_of_Iceland
Life insurance providing coverage for a fixed period with no cash-value component
period expires, coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further
Term_life_insurance
Concept in economics and game theory
The Price of Anarchy (PoA) is a concept in economics and game theory that measures how the efficiency of a system degrades due to selfish behavior of
Price_of_anarchy
Decision theory term
information that guaranteed the accurate prediction of the future market direction, we would want to purchase this information only if the price was less than
Expected value of perfect information
Expected_value_of_perfect_information
Decision rule used for minimizing the possible loss for a worst-case scenario
statistics, and philosophy for minimizing the possible loss for a worst case (maximum loss) scenario. When dealing with gains, it is referred to as "maximin"
Minimax
Overview of roaming regulations in the European Union
transitional measure, from May 2016 the existing price capping for roaming within the EEA was replaced by a maximum surcharge for roaming services which may be
European Union roaming regulations
European_Union_roaming_regulations
Type of financial contract
are price guarantees. Some derivatives are based on the occurrence of specific events or measurable outcomes rather than directly on market prices. Agricultural
Derivative_(finance)
acts enabled companies to borrow money, with the capital and interest guaranteed by the government, for projects which would create employment. By the
Trade_Facilities_Act
Right to buy or sell a certain thing at a later date at an agreed price
house with fulfillment guaranteed by the Options Clearing Corporation (OCC). Since the contracts are standardized, accurate pricing models are often available
Option_(finance)
a function of price) is a step function: the consumer wants to buy zero units of a good whose utility/price ratio is below the maximum, and wants to buy
Linear_utility
Chinese compact sedan
transmission or a 5-speed automatic transmission. The maximum engine power of the GA5 is 116.0kW with a maximum horsepower of 158PS and 216.0N·m. The Trumpchi
Trumpchi_GA5
Memory card format
suggested retail price of US$350. SxS PRO+ is a faster version of SxS designed for the recording of 4K resolution video. SxS Pro+ has a guaranteed minimum recording
SxS
notable sports stadiums, ordered by their capacity, which refers to the maximum number of spectators they can normally accommodate. The following numbers
List_of_stadiums_by_capacity
Video game business model
the price of a single product and not all of the products prices combined which entrepreneurs take advantage of. Customers only look at the price at hand
Gacha_game
Search auction mechanism
The generalized second-price auction (GSP) is a non-truthful auction mechanism for multiple items. Each bidder places a bid. The highest bidder gets the
Generalized second-price auction
Generalized_second-price_auction
Japanese supersonic jet fighter
technology that Japan developed for the project. American contractors were guaranteed at least 40% of the production for the program. Congress ratified the
Mitsubishi_F-2
preference relations. Both are guaranteed to return an allocation with no envy-cycles. However, the allocation is not guaranteed to be Pareto-efficient. The
Efficient approximately fair item allocation
Efficient_approximately_fair_item_allocation
Overview of the cost of medicines in the United States
orders mandating a maximum price of life-saving pharmaceutical drugs like insulin and offering subsidies on the price of drugs. These price caps were reversed
Prescription drug prices in the United States
Prescription_drug_prices_in_the_United_States
Swiss executive and utility transport aircraft
at a US$4.39 million base price, up to 5.369 million typically equipped as an executive aircraft. In 2023, its equipped price was $6.028M. On 14 March
Pilatus_PC-12
Type of auction which begins with a high asking price, and lowers it
bidder paid the price of the bidder with the lowest winning price. However, they all were guaranteed the quantity they demanded in their original bid. This
Dutch_auction
Darts tournament
with both players missing 23 darts at double. The win meant that Price was guaranteed to rise to number four in the PDC World Rankings, overtaking Jonny
2026_World_Matchplay
Price levels at which goods and services must be sold
defined as "cost-price + average profit". A production price can be thought of as a type of supply price for products; it refers to the price levels at which
Prices_of_production
Process of offering goods or services up for bids
the amount of the difference between the maximum bid at the time of the auction cancellation and the price of a replacement purchase of the offered item
Auction
Soccer tournament in Canada, Mexico, and the United States
FIFA World Cup. The ratification of slot allocation also gave the OFC a guaranteed berth in the final tournament for the first time: the 2026 FIFA World
2026_FIFA_World_Cup
Attempt to use commodity storage for the purpose of stabilizing prices
lines: first, two prices are determined, a floor and a ceiling (minimum and maximum price). When the price drops close to the floor price (after a new rich
Buffer_stock_scheme
Payment made by a corporation to its shareholders
temporarily stable income and raise morale among shareholders, but are not guaranteed to continue. For the joint-stock company, paying dividends is not an expense;
Dividend
Retirement pension benefit funds
additional superannuation beyond the 12% minimum, subject to limits. The maximum amount that may be contributed per year is $30,000. Contributions higher
Superannuation_in_Australia
In the theory of fair division, the price of fairness (POF) is the ratio of the largest economic welfare attainable by a division to the economic welfare
Price_of_fairness
and R2-profit-extractor in group 1. This mechanism guarantees a profit of at least 1/4 the maximum profit. A variant of this mechanism partitions the
Profit_extraction_mechanism
Government agency of Brunei
business premises that fail to show price tags for specific goods supplied there and sold at a price higher than the maximum amount determined after an inspection
Department of Economic Planning and Statistics
Department_of_Economic_Planning_and_Statistics
Equity investment option
the investor is guaranteed the return of whatever the dividend yield is, but he or she is also subject to market risk due to the price fluctuations of
Dividend_reinvestment_plan
potential buyers. The seller wants to price the items in a way that will maximize his profit. The optimal prices depend on the amount that each buyer is
Prior-free_mechanism
Australian television game show
Otherwise, their earnings become part of a guaranteed payout to be offered to them at the end of the game. The maximum amount that a team can bank in this round
The Wall (Australian game show)
The_Wall_(Australian_game_show)
Country in South America
never been implemented. Intended to abolish latifundism by reducing the maximum size of properties that do not have an "economic and social function" to
Bolivia
Computer hardware interface
to an ordinary USB-C port; this is implementation-dependent, and not guaranteed. Several vendors such as Dell, HP Inc, Lenovo have released docks for
Thunderbolt_(interface)
Permanent life insurance with fixed premiums and guaranteed cash-value accumulation
"straight life" or "ordinary life", is a life insurance policy that is guaranteed to remain in force for the insured's entire lifetime, provided required
Whole_life_insurance
New Deal agency established in 1933
intended both to help workers set minimum wages and maximum weekly hours, as well as minimum prices at which products could be sold. The NRA also had a
National Recovery Administration
National_Recovery_Administration
American industrialist (1892–1976)
into Getty Oil. In 1948–49, Getty paid Ibn Saud $9.5 million in cash, guaranteed $1 million a year, and a royalty of 55 cents a barrel for the Saudi Arabian
J._Paul_Getty
Conservative political initiative in the United States
ammunition to a foreign nation, unless "unanimous congressional support is guaranteed".[citation needed] In 2019, Trump said that Article Two of the U.S. Constitution
Project_2025
American actor
a Hero Michael Sculnick 3 episodes 2016 Blindspot Timothy Eavers Episode: "Rules in Defiance’ 2026 Maximum Pleasure Guaranteed Doug Warwick Recurring
Remy_Auberjonois
Worldwide crisis affected by shortage of energy supplies
obtained preliminary approval from the European Commission to set a maximum gas price of 50 euros/MWh for an entire year. This decision and violation of
2020s_energy_crisis
Welfare benefit in the United Kingdom
measures: Retail Price Index (RPI) : basic State Pension, Consumer Price Index (CPI) : Second State Pension Increase in Average Earnings : Guarantee Credit, Savings
Pension_Credit
GUARANTEED MAXIMUM-PRICE
GUARANTEED MAXIMUM-PRICE
Boy/Male
American, Australian, Chinese, French, German, Greek, Latin, Swedish
Greatest
Boy/Male
Russian American
The greatest.
Boy/Male
Italian American
The greatest.
Boy/Male
Muslim
Auspicious, Prosperous
Boy/Male
Latin
Greatest.
Boy/Male
Indian
Auspicious, Prosperous
Girl/Female
Latin
The best.
Male
Russian
(МакÑим) Variant spelling of Russian Maksim, MAXIM means "the greatest." Compare with another form of Maxim.
Girl/Female
Hindu
Guarantee, Eternal
Girl/Female
Tamil
Shaswati | ஷாஸà¯à®µà®¤à¯€
Guarantee, Eternal
Shaswati | ஷாஸà¯à®µà®¤à¯€
Boy/Male
Bengali, Gujarati, Hindu, Indian, Jain, Kannada, Malayalam, Marathi, Sanskrit
Plenty; Maximum; Intelligent; Young and Dynamic; Earth
Girl/Female
Arabic, Muslim
Increase; Excess; High Degree; Maximum; Feminine of Mazid
Boy/Male
American, Australian, French, Latin
Greatest
Boy/Male
Latin
Greatest.
Male
French
French form of Latin Maximus, MAXIME means "the greatest."Â
Boy/Male
Arabic, French, Muslim
Lucky
Boy/Male
Assamese, Gujarati, Hindu, Indian, Kannada, Malayalam, Marathi, Oriya, Punjabi, Sanskrit, Sikh, Sindhi, Telugu
Immovable; Constant; Guarantee
Girl/Female
Tamil
Shashwati | ஷாஷà¯à®µà®¤à¯€
Guarantee, Eternal
Shashwati | ஷாஷà¯à®µà®¤à¯€
Boy/Male
Latin French
Greatest.
Girl/Female
Hindu
Guarantee, Eternal
GUARANTEED MAXIMUM-PRICE
GUARANTEED MAXIMUM-PRICE
GUARANTEED MAXIMUM-PRICE
GUARANTEED MAXIMUM-PRICE
GUARANTEED MAXIMUM-PRICE
GUARANTEED MAXIMUM-PRICE
GUARANTEED MAXIMUM-PRICE