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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 ...
One such tool is the GMP Game, a gamified training platform that offers users a simulated environment to practice GMP tasks. The game allows players to navigate through various stages of a GMP-compliant facility, engaging in mini-games that involve tasks such as resolving alarms in a GMP sterile manufacturing facility.
Cost-plus-incentive fee (CPIF) contracts have a larger fee awarded for contracts which meet or exceed certain performance goals, for example being on schedule and any cost savings. [1] Cost-plus-award fee (CPAF) contracts pay a fee based upon the contractor's product. An aircraft development contract, for example, may pay award fees if the ...
Gov. Andy Beshear filed emergency regulations establishing a lottery system to award business licenses for the state's new medical marijuana program.
A Kentucky doctor accused of touching female patients inappropriately has surrendered his license to practice medicine in the state. Dr. James J. Blake accepted an offer to give up his license in ...
A Schedule of Values (SOV) is a detailed schedule apportioning the original contract sum and all change orders, among all cost code divisions or portions of the work. The Schedule of Values shall be based on the approved budget or the approved Fixed Price, or GMP, Cost-Plus Contract type as applicable.
A cardiologist arrested in a child-prostitution sting has surrendered his license to practice medicine in Kentucky. Yogesh Patel reached the agreement with the Kentucky Board of Medical Licensure ...
GAMP itself was founded in 1991 in the United Kingdom to deal with the evolving U.S. Food and Drug Administration expectations for good manufacturing practice (GMP) compliance of manufacturing and related systems. [4] GAMP published its first guidance in 1994.