PROCUREMENT AND CONTRACT MANAGEMENT (CALCULATION)

PLEASE ANSWER ONLY IF YOU KNOW THE ANSWER AND CORRECTLY!

Complete the empty fields in the following tables which compares different contract types:

Table 1

Contract Type		Customer Payment	Actual Cost	Profit
Firm Fixed Price	Contracted (Target)	R400 000	R250 000	R150 000
	Actual	R	R600 000	R
	Actual	R	R150 000	R

Table 2

Contract Type		Customer Payment	Actual Cost	Fee
Cost plus fixed fee contract	Contracted (Target)	R7.25million	R7million	R
	Actual	R	R8.75million	R
	Actual	R	R4million	R

Table 3

Contract Type		Cost	Customer payment	Contractor Fee
??	Contracted (Target)	R	R5.75 million	R500 000
Contract with 60/40 sharing ratio and guaranteed maximum price (cost ceiling) of R6 million	Actual	R4million	R	R
	Actual	R5.5million	R	R
	Actual	R6.2million	R