Target cost (TC) and guaranteed maximum price (GMP) methodology

This paper measure how to mitigate the risk factors of target cost contract (TCC) & guaranteed maximum price (GMP). This paper is based on the primary approach through interviews with contractors in contracting companies in Egypt. Our interviews was designed to mitigate the impact of risk factors in the contracting companies. The results of this study proved that there are companies in Egypt uses the target cost contract or guaranteed maximum price and some contractors prefer using target cost contract or guaranteed maximum pric