Question
GrowthPoint entered into a cost-plus incentive contract with Easy Contractors (EC). The contract provides for a 50/50 sharing with GrowthPoint for any savings that EC
GrowthPoint entered into a cost-plus incentive contract with Easy Contractors (EC). The contract provides for a 50/50 sharing with GrowthPoint for any savings that EC would have made. The cost of the project is R50 million with a ceiling of R60 million.
a. Showby calculations how much money will EC get if the total construction is R48 million.[5]
b. Showby calculations how much money will EC get if the total construction is R65 million.
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Essentials of MIS
Authors: Kenneth C. Laudon, Jane P. Laudon
12th edition
134238249, 978-0134238241
