Standard Clauses used where the price structure for the physical construction is the cost of the work plus a fee (cost-plus) with a guaranteed maximum price (GMP). These Standard Clauses address when and how to establish the GMP and define its specific components, including the cost of the work, and the construction manager's fee and contingency. These jurisdictionally neutral Standard Clauses have integrated notes with important explanations and drafting tips to enhance the budget certainty sought by an owner through the use of a GMP.