upset price

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guaranteed maximum cost

An amount established in an agreement between owner and contractor as the maximum cost of performing specified work on the basis of cost of labor and materials plus overhead expense and profit.
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.
References in periodicals archive ?
low upset prices, which, perversely, punished holdouts.
27 Joseph Weiner, "Conflicting Functions of the Upset Price in a Corporate Reorganization," Columbia Law Review 27 (Feb.
"With upset prices accelerating by 196% in 15 months, there is a serious need to rethink the current land delivery model because N$400 per sqm is not affordable for 60% of Windhoek households who will never afford land in Windhoek, let alone housing."