What Does Gmp Mean In Construction

GMP stands for Guaranteed Maximum Price, a contractual agreement in construction where the contractor guarantees the project will not exceed a specified price. Any costs beyond this limit are typically absorbed by the contractor, while savings may be shared between the owner and the builder.

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What Does TC With Client Mean For Lawyers

In legal practice, “TC with client” is a common abbreviation used in time‑keeping and billing records. It typically denotes a telephone call with a client, though it can have other meanings depending on context. Understanding this term helps lawyers document communications accurately and bill appropriately.

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