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12 Which of the following is true of a GMP contract? 1. GMP is the same as a lump sum bid. 2. The contractor passes

12 Which of the following is true of a GMP contract? 1. GMP is the same as a lump sum bid. 2. The contractor passes all costs to the owner up to a predetermined maximum. 3. The owner assumes all project risk. 4. The construction manager assumes all project risk. 5. None of the above

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