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GrowthPoint entered into a cost-plus incentive contract with Easy Contractors (EC). The contract provides for a 50/50 sharing with Growth Point for any savings that

GrowthPoint entered into a cost-plus incentive contract with Easy Contractors (EC). The contract provides for a 50/50 sharing with Growth Point for any savings that EC would have made. The cost of the project is R50 million with a ceiling of R60 million. a. Show by calculations how much money will EC get if the total construction is R48 million

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