Question: QUESTION 2 16 marks Electro (Pty) Lid entered into a cost-plus-a-fee contract with Ukwakha Construction (the contractor) to build a multipurpose processing plant adjacent to

QUESTION 2 16 marks Electro (Pty) Lid entered
QUESTION 2 16 marks Electro (Pty) Lid entered into a cost-plus-a-fee contract with Ukwakha Construction (the contractor) to build a multipurpose processing plant adjacent to the main manufacturing plant The contactor has to provide and furnish all personnel, services, all materials and equipment required to build the plant The contract includes a clause which allows Electro (Pty) Lid to audit any of the processes associated with the cost-plus-fee contract At the close of each calendar month, the contractor submits an invoice covering 100% of all costs incurred [TURN OVER]

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