Guaranteed highest price contract is a fixed compensation limit, which is applicable between construction companies (contractors) and enterprises (employers or customers) in the construction industry, and can also accept the seller's request in exchange for purchasing certain goods or services.
The content of the contract is that the contractor establishes a budget with the customer in the early construction stage, and after discussing the details of the project, sets an upper limit or the highest price, in which one person or entity will pay for a certain project.
Extended data:
In the contract, if the actual cost of the contractor is to be compensated, such as the house builder, plus the fixed fee, then it must be the highest amount, as shown in the following example:
According to GMP, the contractor agreed to build a patio in exchange for the actual cost and a fixed fee of 3,000 yuan, with the highest price of 654.38+0,000 yuan. After the completion of the project, the contractor will pay all the expenses as long as the total amount including expenses does not exceed 65,438+00,000 yuan.
If the contractor's fee is 8000 yuan, then 1 1 000 yuan (8000 yuan fee +3000 yuan fee) will not be paid, but the highest price is 1 000 yuan. On the contrary, if the contractor's fee is 5000 yuan, it is not the highest price 1000 yuan, but 8000 yuan.
References:
Baidu encyclopedia -GMP