On some GMP projects, the owner may reserve the right to approve all trade and purchase contracts. Normally the owner pays the difference between the estimated trade contract costs and the trade contract award value when the award value approved by the owner is greater than the estimated bid element included in the contractor's GMP.

On some GMP projects, the owner may reserve the right to approve all trade and purchase contracts. Normally the owner pays the difference between the estimated trade contract costs and the trade contract award value when the award value approved by the owner is greater than the estimated bid element included in the contractor's GMP.

On some GMP projects, the owner may reserve the right to approve all trade and purchase contracts. Normally the owner pays the difference between the estimated trade contract costs and the trade contract award value when the award value approved by the owner is greater than the estimated bid element included in the contractor's GMP.

True or False




Answer: True