la) Name the most appropriate pricing contract type to use in the situations described below and justify your reason. Your choices are FP, FPIF, FPEPA, purchase order, T&M, CR, CPF, or CPPC, CPFF, CPIF contracts (15 marks) i) You need work done but you don't have time to audit invoices on this work 11) You need to rebuild a bridge as soon as possible after a storm iii) Your work require high level expertise and you want to have the best performance possible in the finished product iv) The scope of work is complete but the economy is currently unpredictable v) You want to buy expertise in determining what needs to be done vi) You are buying standard commodities 1b) You are a project manager on a fixed price incentive fee (FPIF) contract, the target cost is estimated at Ghc 3.5million, and the target fee at Ghc 450,000. The project is over, and the buyer has agreed that the costs were, in fact, Ghc 3.8million. Because the actual costs came in higher than the target costs, the seller shares in the increased cost: 75% to the buyer and 25% to the seller. Calculate the: 1. Final fee Final price III. Assuming the ceiling price of the contract is Ghc 4million, what would be the final fee? iling nice to a non-technical person. (15 marks) IT