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Need help. Thanks. Question 9 (1 point) v Saved Cost Plus Incentive Fee Calculation. In this cost plus incentive fee contract, the cost is estimated
Need help. Thanks.
Question 9 (1 point) v Saved Cost Plus Incentive Fee Calculation. In this cost plus incentive fee contract, the cost is estimated at $210,000 and the fee at $25,000. The project is complete, and the buyer has agreed that the costs were, in fact, $200,000. Because the seller's costs came in lower than the estimated costs, the seller shares in the savings: 80% to the buyer and 20% to the seller. Calculate the final fee and final price. O Fee $25,000 Price: $225,000 O Fee $27,000 Price: $227,000 O Fee $25,000 Price: $235,000 O Fee $33,000 Price: $235,000Step by Step Solution
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