If a GC was on a cost-plus project, without a GMP, how would payment on an EV

Question:

If a GC was on a cost-plus project, without a GMP, how would payment on an EV basis affect them if they were 

a) Under-running their estimate, 

b) Over-running their estimate?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: