A ConsensusDoc Partner Webinar: To GMP or Not to GMP—Cost of Work Best Practices for Agreements or Change Orders
Date and Time
Wednesday Apr 26, 2023
1:00 PM - 2:00 PM CDT
Fees/Admission
As a current ABC member, you will receive $20 off your registration rate of $99 using the code w23q2abc upon checkout.
Description
Price escalation, supply chain disruptions and inflation continue to cause unacceptable risks for many general contractors to lock in a fixed-price contract, such as a lump sum contract or a guaranteed maximum price contract agreement, early.
Panelists will help you identify which itemized costs fall into cost-of-the-work items and what should be considered overhead and profit. You will also learn why utilizing general terms and conditions for a lump sum contract, such as the AIA A201 for cost-of-the-work reimbursement, can cause pitfalls when working under the cost-of-work contract terms.
