Quiz 1 Question-1 (3 marks) Consider the following Fixed Price Incentive Fee Contract agreement for a...

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Quiz 1 Question-1 (3 marks) Consider the following Fixed Price Incentive Fee Contract agreement for a project: Cost estimate Fee Target Price Maximum Price (fee + reimbursement) Maximum Profit Cost sharing: CSR $140,000 -$15,000 $155,000 $180,000 $20,000 50/50 a. How much should the contractor be paid if the actual cost is $70,000? b. How much should the contractor be paid if the actual cost is $140,000? c. How much should the contractor be paid if the actual cost is $170,000? CAS fel na Quiz 1 Question-1 (3 marks) Consider the following Fixed Price Incentive Fee Contract agreement for a project: Cost estimate Fee Target Price Maximum Price (fee + reimbursement) Maximum Profit Cost sharing: CSR $140,000 -$15,000 $155,000 $180,000 $20,000 50/50 a. How much should the contractor be paid if the actual cost is $70,000? b. How much should the contractor be paid if the actual cost is $140,000? c. How much should the contractor be paid if the actual cost is $170,000? CAS fel na

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Based on the provided image we have a scenario involving a Fixed Price Incentive Fee Contract which includes the following elements Cost estimate 1400... View the full answer