Idaho Statutes
§ 40-108 — DEFINITIONS — G
(1)"GARVEE" means grant anticipation revenue vehicle, a debt financing instrument which enables states to finance state transportation infrastructure projects and to pay debt service and other bond-related expenses with future federal-aid highway apportionments.
(2)"Guaranteed maximum price (GMP)" means the total maximum price that includes all reimbursable costs and fees, except for material changes in the scope of work, for completion of a construction manager/general contractor contract that is provided by the selected contractor and accepted by the department.
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Legislative History
[40-108, added 2005, ch. 378, sec. 2, p. 1218; am. 2010, ch. 293, sec. 6, p. 780.]
Nearby Sections
15
§ 40-1001
COUNTERSIGNING, DRAWING AND PAYMENT§ 40-1002
NONPAYMENT — CALL§ 40-1003
NOTICE OF CALL§ 40-1004
NOTICE TO BE MAILED§ 40-1005
INTEREST CEASES TEN DAYS AFTER CALL§ 40-101
DEFINITIONS§ 40-102
DEFINITIONS — A§ 40-103
DEFINITIONS — B§ 40-104
DEFINITIONS — C§ 40-105
DEFINITIONS — D§ 40-106
DEFINITIONS — E§ 40-107
DEFINITIONS — F§ 40-108
DEFINITIONS — G§ 40-109
DEFINITIONS — H