In some circuits, it is necessary to have an inverted version of the output. But if you simply invert one output by using an external inverter, it will have some amount of delay, making the two signals no longer exactly 180 degrees out of phase. Since the time of the delay is constant, the phase delay will vary with frequency.
GBW is Gain BandWidth Product. Product because it is the multiple of the frequency and the open loop gain at that frequency. It is the frequency at which the open loop gain (no negative feedback) of an Op Amp is equal to one. This also can tell you the maximum open loop gain at a given frequency. If the GBW of an Op Amp is 40MHz, then at 20MHz, the open loop gain is 2, or at 40MHz, the open loop gain is 1.
It is more useful in telling you the bandwidth with a given gain, done by negative feedback. Here is how it is used if, for instance, you need a gain of 10. So you calculate your resistors to get a gain of 10. If you need a bandwidth up to 4MHz, then 4MHz x 10 = 40MHz GBW. It works the same whether you are using it as an inverting or noninverting amplifier.
Note that this doesn't mean that you get flat gain out to 4MHz. It means that the gain drops to -3dB (about 70% of the original voltage gain) at 4MHz, and continues to drop at -20dB per decade. You can see why you'd need Op Amps with very high numbers for even modest frequencies, if you need higher gains. A high speed Op Amp circuit is subject to things like parasitic capacitance and inductance, so the higher you get, the more careful you must be to avoid those things that would change the gain with frequency.
Sometimes you just need a buffer amplifier. In that case, the bandwidth and GBW are the same, since the gain is 1 (or -1).
Here is an excerpt from the 2nd edition of Op Amps for Everyone, just covering parameters. If you think that is complicated, wait 'til you read the whole book.
http://www.ti.com/lit/ml/sloa083/sloa083.pdf
The whole book is available online, 2nd edition. The 3rd and 4th editions are not free and are print editions.
http://www.ti.com/lit/an/slod006b/slod006b.pdf
It is a good idea to do just as you are doing, see if anyone else has already designed this or parts useful to you, and use their work as a guideline or just copy parts of it.
Now if someone is going to say that this was somehow rude or grumpy, I want you to quote the parts you think are such. Complete sentences, not edited. This last paragraph excepted.