Guaranteed Maximum Price Contract
Used to test whether candidates understand construction risk allocation.
What is a guaranteed maximum price contract and what risk does it not eliminate?
2 questions reported in Turner Construction interviews, organised by the group that asks them. Every question carries a model answer and graded feedback on your own attempt.
Questions
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Model builds
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Development spreads, cost overruns, lease-up risk and construction draws. 2 questions
Used to test whether candidates understand construction risk allocation.
What is a guaranteed maximum price contract and what risk does it not eliminate?
Tests whether a development candidate can connect a procurement detail to delivery and financing risk.
Your contractor says electrical switchgear has a 52-week lead time and must be installed in month 14 of an 18-month build. What does that mean for the project, and what would you do next?
Write your answer, get it graded on technical accuracy, completeness and communication, and see exactly which mechanic you missed.
Company tags reflect where a question type is commonly reported in interviews. They are not sourced from, endorsed by, or affiliated with Turner Construction.