Question: A contract was negotiated and work was completed. The cost of the work was $10311, The buyer/seller agreed upon estimate was $12858, The agreed upon

A contract was negotiated and work was completed.

The cost of the work was $10311, The buyer/seller agreed upon estimate was $12858, The agreed upon target fee was: $1122; The agreed upon sharing ratio (buyer/seller) was: $65%/35%; and the Price ceiling was: $17842

Using the data above, to the nearest dollar, what was the final price paid by the customer?:

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!