Question
Question (5): Draw a sketch to show the characteristic of the following target cost contract, Cost at the end of target band = 180,000 SR,
Question (5): Draw a sketch to show the characteristic of the following target cost contract, Cost at the end of target band = 180,000 SR, Cost at the start of target band = 140,000 SR, GMP = 320,000 SR, Cost increase share by the contractor = 25%, GMC = 280,000 SR, Target Fee = 20,000 SR, Max Fee = 28,000 SR, Min Fee = 15,000 SR, Share saving by contractor = 15%. Determine the contract full analysis using a sketch? Analyze the following situations: If Cost = 265,000 SR find the project profit and price? If Profit = 20,000 SR find the project cost and price? If Price = 205,000 SR find the project cost and profit?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started