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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) such that the contractor is compensated for actual costs incurred plus a fixed fee, which is limited to a maximum price. The contractor is responsible for cost overruns greater than the ...
They illustrate how the home relates to the lot's boundaries and surroundings. Site plans should outline location of utility services, setback requirements, easements, location of driveways and walkways, and sometimes even topographical data that specifies the slope of the terrain. A floor plan [2] is an overhead view of the completed house. On ...
In 1908, Sears issued its first specialty catalog for houses, Book of Modern Homes and Building Plans, featuring 44 house styles ranging in price from US $360 (equal to $12,208 today) – $2,890 (equal to $98,003 today). The first mail order for a Sears house was filled that year.
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