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Draw a sketch to show the characteristic of the following target cost contract, in addition draw the expected final price curve according to the following:
Draw a sketch to show the characteristic of the following target cost contract, in addition draw the expected final price curve according to the following:
Cost increase share = 75% by owner; Share saving = 15% by contractor; GMC = 290,000 SR; GMP = 300,000 SR; Minimum fee = 10,000 SR, Target cost = 200,000 SR; and Maximum fee = 35000 SR.
Analyze the following situations:
- If Cost = 225,000 SR find the project profit and price?
- If Profit = 25,000 SR find the project cost and price?
- If Price = 225,000 SR find the project cost and profit?
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