The text described a cost-plus-fixed-fee construction contract for which the estimated sum of all reimbursable costs was £15 000 000 and the fixed fee was £1 800 000. The guaranteed maximum price (costs plus fee) was £17 500 000. Any savings in costs below the target of £15 250 000 was to be shared, with the contractor receiving 25% of the savings. Suppose that any costs above £15 250 000 were to be shared equally between owner and contractor.

Determine the amount the contractor will be paid if the actual reimbursable costs are

(a) £14 850 000,

(b) £15 000 000,

(c) £15 250 000,

(d) £15 650 000,

(e) £16 050 000,

(f) £17 000 000, (g) £17 500 000 and (h) £17 800 000.