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A cost plus contract calls for the contractor to receive direct costs for labor and materials, and a markup of 40% of direct costs. The
A cost plus contract calls for the contractor to receive direct costs for labor and materials, and a markup of 40% of direct costs. The contractor is also to receive a bonus of 10% of savings if total cost to the owner is less than $ 100,000, and a bonus of $1,000 per day if the project is completed early. Final costs for direct labor and materials are $80,000. The project is completed 5 days early. What is the total
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