Question
ABC Construction company build a grocery store for MegaGrocers. The contract provided that the contract price would be $ 5 million. ABC incurred $ 4.5
ABC Construction company build a grocery store for MegaGrocers. The contract provided that the contract price would be $ 5 million. ABC incurred $ 4.5 million in costs and would make a profit of $ 500,000.00 under the terms of the contract. On final inspection, the grocery store owner is upset because the building's blueprints called for 28 skylights and the finished store only has 18. To install the remaining skylights would cost $ 100,000.00. There were no other errors or omissions by ABC in its construction of the grocery store. How much must the grocer store owner pay ABC?
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