1 GUARANTEED MAXIMUM PRICE CONTRACTS, §26A.1
26A.1 Definitions. As used in this chapter, unless the context clearly indicates otherwise: 1. “Construction manager-at-risk” means a sole proprietorship, partnership, corporation, or other legal entity that assumes the risk for the construction, rehabilitation, alteration, or repair of a project and provides consultant services to the government entity in the development and design phases, working collaboratively with the design professionals involved. 2. “General conditions” means work which will not be incorporated into the completed project. This work includes but is not limited to job site cleaning and temporary structures. 3. “Governmental entity” means the state, political subdivisions of the state, public school corporations, and all officers, boards, or commissions empowered by law to enter into contracts for the construction of public improvements, including the state board of regents. 4. “Guaranteed maximum price contract” means the agreed to fixed or guaranteed maximum price pursuant to a contract entered into by the construction manager-at-risk and the governmental entity. 5. “Public improvement” means as defined in section 26.2. 6. “Repair or maintenance work” means as defined in section 26.2. 7. “Self-perform” means work that is executed by the construction manager-at-risk without the use of a subcontractor. Electrical, mechanical, fire suppression, and plumbing work may not be self-performed. 2022 Acts, ch 1122, §5
Wed Dec 10 22:14:33 2025 Iowa Code 2026, Section 26A.1 (3, 0)