Draw a sketch to show the characteristic of the following target cost contract, in addition draw...

 

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Draw a sketch to show the characteristic of the following target cost contract, in addition draw the expected final price curve according to the following: cost increase share = 75% by owner, share saving 15% by contractor, GMC = 290,000SR, GMP = 300,000SR, minimum fee = 10,000SR, target cost = 200,000SR, and maximum fee = 35,000SR Analysis the following situations: a) If cost = 295,000 SR, find the project profit and price b) If profit = 25,000SR, find the project cost and price c) If price = 200,000SR, find the project cost and profit = Draw a sketch to show the characteristic of the following target cost contract, in addition draw the expected final price curve according to the following: cost increase share = 75% by owner, share saving 15% by contractor, GMC = 290,000SR, GMP = 300,000SR, minimum fee = 10,000SR, target cost = 200,000SR, and maximum fee = 35,000SR Analysis the following situations: a) If cost = 295,000 SR, find the project profit and price b) If profit = 25,000SR, find the project cost and price c) If price = 200,000SR, find the project cost and profit =

Answer rating: 100% (QA)

Name Institution Professor Course Date A Target Cost Contract Analysis Given data GMC Guaranteed Max... View the full answer