The GMP Trap: What a Guaranteed Maximum Price Contract Doesn't Guarantee
Michael Batease Michael Batease

The GMP Trap: What a Guaranteed Maximum Price Contract Doesn't Guarantee

That assumption costs firms real money. Because a guaranteed maximum price guarantees exactly one thing — a maximum the owner won't pay above. It guarantees nothing about whether you make money getting there. The GMP is a ceiling on the owner's exposure. It is not a floor under your margin.

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Traditional vs. Progressive Design-Build: Why GCs Are Rethinking Delivery in 2026
Michael Batease Michael Batease

Traditional vs. Progressive Design-Build: Why GCs Are Rethinking Delivery in 2026

A few years ago, most small and mid-sized GCs didn't need to think hard about it. Design-build meant design-build. You took on both design and construction under one contract, you priced the work, you built it. But the market has changed, and the way projects are being delivered is changing with it. Progressive design-build — PDB — has gone from a niche approach used mostly on large infrastructure projects to a model that's showing up on commercial work of all sizes.

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