Chapter 8.1 addresses the "competing interests" associated with timing the establishment of a Guaranteed Maximum Price (GMP). Which of the options below best describes the consequence of setting a GMP early in the design process? As the owner, which of the following options below would be a consequence of setting the GMP early in the design process? Group of answer choices Setting a GMP early requires assumptions for scope not yet defined Cost estimates are likely to be more accurate CMs will be more conservative in their estimates of cost The risk of the CM not being able to complete the project for the GMP is higher