GMP meaning in Business ?

Answer:

What is Guaranteed Maximum Price mean?

A guaranteed maximum price (also known as GMP, not-to-exceed price, NTE, or NTX) contract is a cost-type contract (also known as an open-book contract) where the contractor is compensated for actual costs incurred plus a fixed fee subject to a ceiling price. The contractor is responsible for cost overruns, unless the GMP has been increased via formal change order (only as a result of additional scope from the client, not price overruns, errors, or omissions). Savings resulting from cost underruns are returned to the owner.

This is different from a fixed-price contract, also known as stipulated price contract or lump-sum contract, where cost savings are typically retained by the contractor and essentially become additional profits.

reference

Full Form	Category
Guanosine MonoPhosphate	Academic & Science
Granulocyte–Macrophage Progenitor	Academic & Science
Graduate Medical Program	Academic & Science
Galapagos MicroPlate	Academic & Science
Gross Materials Products	Accounts and Finance
Gazza Music Productions	Arts
Goody Music Productions	Arts
Global Monitoring Plan	Associations & Organizations
Gerakan Mansuhkan PPSMI	Associations & Organizations
Global Marshall Plan	Associations & Organizations
General Management Program	Business
Good Management Principles	Business
General Meat Practices	Business
General Management Programme	Business
Good Manufacturing Practice	Business
Green Mountain Power Corporation	Business
Guaranteed Maximum Price	Business
Ga Mone Pwint	Business
Gerkan, Marg & Partners	Business
Georgia Marketing and Promotions	Business
Georgia Marketing Promotions	Business
Guilford Medical Partners	Business
GMP Capital, Inc.	Business
Global Manpower Professionals	Business
Germall, Methyl, and Propyl	Chemistry
Guanosine 3’,5’-monophosphate	Chemistry
Good Men Project	Community
Global Mobile Professional	Computing
Government Markets Platform	Computing
Gnu Multi Precision	Computing
Geomorph Tile Map	Computing
Geometric Modeling and Processing	Computing
Group Multicast Protocol	Computing
Group Management Protocol	Computing
Group Membership Protocol	Computing
Google Marketing Platform	Computing
Gross Materials Product	Computing
Geomorph Tile Map (spx)	File Type
Google Maps Platform	General
Greater Multiple Projectiles	General
Glass Molders Pottery	General
Google Meet Plus	General
General Motors Powertrain	General
General Motors Poland	General
General Motors Processor	General
General Motors de Portugal	General
General Motors Peru	General
Gimli Motorsports Park	General
Global Modular Platform	General
Galot Motorsports Park	General
Graphical Modeling Project	General
Green Mountain Power	General
Gerkan Marg und Partner	General
General Managers Program	General
General Machine Products	General
Getting More Pop	General
Good Manufacturing Processes	General
Good Manufacturing Practicess	General
Gross Metropolitan Product	General
Grapes, Melons, and Papayas	General
Goat Manure Plaster	General
Give Me Paper	General
Gross Military Product	Governmental
the Great Maritime Powers	Governmental
Greater Manchester Police	Governmental
गणमुक्ति परिषद्	Governmental
GARH MADHUPUR	Indian Railway Station
Guaranteed Minimum Pension	Jobs
General Medical Practitioner	Jobs
Geometric Mean Probability	Maths
Generalized Modus Ponens	Maths
Granular Membrane Protein	Medical
Ganulocyte-Monocyte Progenitor	Medical
Grand Multi Para	Medical
Gourasana Meditation Practice	Medical
General Medical Practice	Medical
General Medical Problem	Medical
Group Mediclaim Policy	Medical
Go Modem Protocol	Networking
Gimpo International Airport, Seoul, Republic Of Korea (formerly SEL)	Regional
Gnu Multiple Precision	Softwares
Geological Modeling Program	Softwares
Gresham Motorsports Park	Sports
Gimpo Airport	Transport & Travel
Güterzug mit Personenbeförderung	Transport & Travel