{"id":13931,"date":"2020-08-30T17:56:43","date_gmt":"2020-08-31T00:56:43","guid":{"rendered":"https:\/\/essential.construction\/academy\/?post_type=glossary&#038;p=13931"},"modified":"2020-08-30T17:56:43","modified_gmt":"2020-08-31T00:56:43","slug":"guaranteed-maximum-price","status":"publish","type":"glossary","link":"https:\/\/essential.construction\/academy\/glossary\/guaranteed-maximum-price\/","title":{"rendered":"Guaranteed Maximum Price [GMP]"},"content":{"rendered":"\n<p>In construction a guaranteed maximum price (or GMP) is a form of an estimate and contract type. The guaranteed maximum price involves the contractor providing the owner with an estimate that shall not be exceeded.<\/p>\n\n\n\n<p>Depending upon their nature, any cost over runs in the project will be the responsibility of the contractor.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An owners way to ensure a budget is maintained.<\/p>\n","protected":false},"author":1,"featured_media":13932,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"glossary-categories":[],"glossary-tags":[],"class_list":["post-13931","glossary","type-glossary","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/essential.construction\/academy\/wp-json\/wp\/v2\/glossary\/13931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essential.construction\/academy\/wp-json\/wp\/v2\/glossary"}],"about":[{"href":"https:\/\/essential.construction\/academy\/wp-json\/wp\/v2\/types\/glossary"}],"author":[{"embeddable":true,"href":"https:\/\/essential.construction\/academy\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essential.construction\/academy\/wp-json\/wp\/v2\/comments?post=13931"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/academy\/wp-json\/wp\/v2\/glossary\/13931\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/essential.construction\/academy\/wp-json\/wp\/v2\/media\/13932"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/academy\/wp-json\/wp\/v2\/media?parent=13931"}],"wp:term":[{"taxonomy":"glossary-categories","embeddable":true,"href":"https:\/\/essential.construction\/academy\/wp-json\/wp\/v2\/glossary-categories?post=13931"},{"taxonomy":"glossary-tags","embeddable":true,"href":"https:\/\/essential.construction\/academy\/wp-json\/wp\/v2\/glossary-tags?post=13931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}