GMP Development — or Guaranteed Maximum Price development — is a cornerstone of effective construction management. At Quarry View Building Group, we help clients set a realistic GMP during preconstruction, giving project owners clarity, control, and confidence before a shovel ever hits the ground.
Our approach to GMP Development combines deep experience in general contracting, sharp attention to detail, and a risk-based approach to budget forecasting. With a focus on clear project scope, transparent pricing, and solid planning, we work with construction managers, general contractors, and design teams to deliver a full GMP package that sets your construction project up for success.
A Guaranteed Maximum Price is a binding agreement between the owner and the general contractor. It establishes that the total project cost will not exceed a set maximum — unless the scope changes. This creates clear budget boundaries and shifts most cost overrun risk onto the contractor.
A typical GMP includes:
When properly developed, a GMP contract offers several benefits:
GMP isn’t just a financial tool — it’s a roadmap for better project management, tighter scheduling, and higher quality standards.
Compared to lump-sum or cost-plus contracts, a GMP agreement gives owners more protection. If costs exceed the maximum due to contractor error, the contractor absorbs the overage. However, GMP contracts still require:
That’s where Quarry View stands out. Our disciplined approach keeps GMPs realistic, and our communication keeps all stakeholders aligned.
We define the intended use, size, materials, and performance needs of the finished product. Clear scope is the backbone of any solid GMP. Vague scopes lead to extra costs, disputes, and change orders.
We bring in trusted subcontractors to provide early estimates and evaluate constructability. This keeps pricing realistic and anchored in actual labor, material costs, and market conditions.
Our team reviews all construction drawings and specifications. We apply current cost data to build the GMP line by line — including direct costs, contractor responsibilities, and allowances for items not yet finalized.
Every construction project carries risk. We assess project complexity, unknowns, and external risks, which inform the contingency amount. Our goal isn’t padding — it’s smart planning.
A realistic GMP is based on current cost data, market input, and actual design drawings — not placeholders or guesses. If the GMP is too low, you’ll face change orders and added costs. If it’s too high, you lose control and potential savings.
A balanced GMP should:
It should also have clear contract terms defining risk responsibility. We collaborate closely with owners and designers to ensure GMP Development supports both transparency and accountability.
Our preconstruction team is known for clarity, precision, and integrity. We’re not just estimators — we’re builders. We understand how budgets turn into buildings and how preconstruction choices shape real outcomes.
We’ve supported GMP development for a range of projects, including:
Each project had unique challenges — but all benefited from a strong GMP foundation.
If you’re in the early stages of planning a construction project or refining your manufacturing process, now is the time to engage in GMP Development. A Guaranteed Maximum Price protects your investment by defining cost limits and minimizing risk.
When Quarry View joins early, we align your design, budget, and schedule before construction begins — adding clarity where it matters most.
Contact Quarry View Building Group today to learn how a strong GMP can support your budget, timeline, and long-term goals. With us, you’ll build with confidence — because a well-prepared start leads to better decisions and fewer surprises.