A commercial job is written as cost-plus with a guaranteed maximum price of $400,000. The contractor's reimbursable costs finish at $436,000. Who absorbs the difference, and what does the owner pay?

a.The owner absorbs it and pays $436,000, because cost-plus reimburses the costs actually incurred
b.The two split it evenly, so the owner pays $418,000 under the usual shared-savings arrangement
c.The contractor absorbs it and the owner pays $364,000, the reimbursable cost less the overrun
d.The contractor absorbs it and the owner pays $400,000, which is the ceiling the parties agreed

Giải thích

A guaranteed maximum price reimburses cost up to a ceiling and stops there: everything above the ceiling is the contractor's, so the $36,000 overrun is the contractor's and the owner pays $400,000. That is what distinguishes a GMP from ordinary cost-plus, where the owner reimburses whatever the job actually consumes. It also distinguishes a GMP from a lump sum, because below the ceiling the owner is still paying real costs rather than a single agreed price.

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Đội ngũ PrepPass · Đối chiếu với California CSLB Contractor License Law & Business Exam · Quy trình kiểm tra
Người kiểm duyệt Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — kiểm tra)
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