A guaranteed maximum price is the most a builder can charge for a project, set before work starts.
In Leander. From 2019 to 2026, the board approved 46 of these prices, totaling $527.8 million.1
Everyday comparison. It is like a contractor’s not-to-exceed quote.
Related terms: construction manager at risk. Read more: school capacity.
Footnotes
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Our count of board minutes and packets, 2019–2026. ↩