FPIF Contract

A contractor has bid $1,000,000 on a FPIF contract, with a fee of $100,000. The cost sharing ratio (CSR) is 70/30 (70% owner, 30% contractor). The ceiling price is $1,150,000. The contractor ends up spending a total of $1,200,000 in allowable costs on this project.

How much will the contractor be paid for this project?

How much does the contractor gain/lose on this project?

How much does the owner gain/lose on this project?

If the contract had a CSR of 50/50, how much would the contractor gain/lose?