Bid = $5,000,000 Actual Costs = $8,000,000 Material Costs = $800,000 Approved change orders = $1,500,000 Contractor's error and omission = $500,000 Contractor's inefficiency = $800,000 The difference between the first and second lowest bid is 1.4% indicating that the contractor's bid was reasonable. How much is the contractor entitled under the Total Cost Method? 

How much is the contractor entitled under the Modified Total Cost Method?

How much is the contractor entitled under the Measured Mile Method? 

Answer rating: 100% (QA)

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