Question: - Given: a Cost Plus Incentive Fee (CPIF) project you are managing: - Target cost: $100,000 Actual cost: $80,000 Target fee: $20,000 Maximum fee: $25,000

- Given: a Cost Plus Incentive Fee (CPIF) project you are managing:

- Target cost: $100,000 Actual cost: $80,000 Target fee: $20,000 Maximum fee: $25,000 Minimum fee: $15,000 Sharing ratio: 60/40

How much fee would the contractor earn?

What should be the final price of the contract?

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