Under a GMP contract, with services provided by a CM-at-Risk, which of the following statements is NOT true?
A) The GMP is usually established on less than 100% complete drawings and specifications.
B) It is important that the phrase Guaranteed Maximum Price be clearly defined in the contract regarding what it includes and excludes.
C) With a GMP type CM agreement, the CM is responsible for all costs associated with the project.
D) Once a GMP for construction costs is established, the CM takes on the risk for completing the project.
Answer: C