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A "G Max" contract, often referred to in construction and project management, is a type of agreement where the contractor guarantees that the project will not exceed a specified maximum cost, known as the Guaranteed Maximum Price (GMP). This contract type shifts some financial risk to the contractor, as they are responsible for covering any costs that exceed the agreed-upon price. It allows for flexibility in project design and scope but requires careful management to ensure that the project remains within budget. Overall, G Max contracts aim to provide clients with cost certainty while incentivizing contractors to maintain efficiency and quality.

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