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Guaranteed Maximum Price Agreement

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Ohio Elementary School Build Will Not Exceed $35 Million

6 years ago6 years ago3 mins

In a recent “guaranteed-maximum price” agreement, it has been confirmed that the North Royalton School District will pay Hammond Construction Inc. of Canton, Ohio, no more than $35 million to manage construction of a new elementary school.

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Since 1998, School Construction News has been the news magazine devoted specifically to educational facility construction and operations. Readers include several segments of the “building team” including school administrators, facility managers, school board members as well as architects, contractors and suppliers in the field. Special attention is paid to the maintenance/operations and design/construction segments.

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