Contracting for Success Through a Guaranteed Maximum Price

J. P. CULLEN & SONS, INC., has a long, robust history of providing construction services under variant contracting formats, including hard-bid, design-build, construction management, and general contracting. However, when establishing the most competitive cost for self-performed work and subcontracted work, the most successful format is the negotiated guaranteed maximum price (GMP) contract. And that for several reasons. 1)  A single point of accountability and responsibility for all preconstruction and construction services. 2) Early involvement with your architect favors resolution of constructability issues. 3) Eliminating cost overruns and offering peace of mind to the owner while shifting risk to the construction firm. 4) The GMP contracting method works especially well with large, complex projects, as well as for a multiple building project where very many materials, systems, components, and items must be skillfully coordinated and timed to phases, service availability, ongoing operations, and logistics. 5) Allowing us to self-perform on your building leverages the many advantages of having a dependable, handpicked workforce that is held to the quality procedures we’ve certified under the International Standards Organization guidelines (i.e., ISO 9001: 2000 Quality Certification). 6) Under such a GMP, our fee and all costs are transparent and open book: you always know how wisely your money is being spent. 7) Work can begin before design is complete, smoothly and effectively fast-tracking a project to successful completion.

Risser Justice Center Madison, WI                  This justice center was built by Cullen under a Negotiated GMP Contract.