Question: Q2) (20 MARKS) Ahmed calls a tender for constructing a residential building. MultiRex submits the winning tender for a lump sum amount of $600,000. MultiRex

 Q2) (20 MARKS) Ahmed calls a tender for constructing a residential

Q2) (20 MARKS) Ahmed calls a tender for constructing a residential building. MultiRex submits the winning tender for a lump sum amount of $600,000. MultiRex calculates in their tender that their construction cost (labour, plant and materials) is $400,000, and includes $200,000 as their overhead and profit. Four months pass, where MultiRex had now received $150,000 and spent $80,000 on labour, plant and materials costs. Ahmed repudiates the contract, MultiRex accepts the repudiation, terminates, and sues Ahmed. MultiRex wants to claim compensation for breach of contract. What expectation damages would they get. Show your working

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