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In a cost plus incentive fee contract, the cost is estimated at $310,000 and the fee at $40,000. The project is over, and the buyer
In a cost plus incentive fee contract, the cost is estimated at $310,000 and the fee at $40,000. The project is over, and the buyer has agreed that the costs were, in fact, $280,000. Because the seller's costs came In lower than the estimated costs, the seller shares in the savings: 60 percent to the buyer and 40 percent to the seller. Calculate the final fee.
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