An FPIF contract has the following characteristics: Sharing ratio: 70/30 Target cost: $100,000 Target fee: $8,000 Price
Question:
An FPIF contract has the following characteristics:
Sharing ratio: 70/30
Target cost: $100,000
Target fee: $8,000
Price ceiling: $110,000
How much will the contractor be reimbursed if the cost of performing the work is $90,000?
A. $91,000
B. $101,000
C. $103,000
D. $110,000
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Related Book For 
Project Management A Systems Approach To Planning Scheduling And Controlling
ISBN: 9781119805373
13th Edition
Authors: Harold Kerzner
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