A Cost-plus a fixed fee with a guaranteed maximum price project has a maximum price of $5,000,000 that includes a contractor's fixed fee of $250,000. Savings will be split 50/50 between owner and contractor. Any amount over GMP will be paid by the contractor a. The contractor finished the project at a cost of $4,750,000 which includes the contractor's fee. 

Calculate bonus payment to contractor. 

If the project final cost is $5,300,000 which includes the contractor's fee of $250,000, how much are each party is liable for?