A Guaranteed Maximum Price Amendment document is a legally binding agreement between a contractor and the owner of a construction project which outlines the scope of work, maximum price and other terms and conditions.
The Guaranteed Maximum Price Amendment (Genie AI) is a legal template that outlines the terms and conditions for amending a construction contract to define a maximum price for the project. It ensures transparency and protection for both parties involved when agreeing on a fixed cost for construction work.
.svg)
