Question: A project is contracted as a Time & Material (T&M) type of contract. The service provider initially estimates that the total effort involved would be

A project is contracted as a Time & Material (T&M) type of contract. The service provider initially estimates that the total effort involved would be about 1000 hours of effort. The project is contracted at a rate of US$ 75 per hour of effort. If the project ended up with 1200 hours of effort, what would the contract payout be.

A. US$ 75,000 B. US$ 90,000 C. US$ 82,500 D. US$ 120,000

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