Suppose you are hiring a contractor to remodel your kitchen. One contractor offers a fixed price for the complete job, I.yhile a competing contractor offers a costplus offer where you are billed a multiple of the contractor's cost of materials. The offers are summarized in the following table: Contract Type Contract Description FixedPrice The contractor will charge to $15,008 remodel the entire kitchen, which includes the materials and labor costs. Cost-Plus The contractor will charge the sum of the labor and materials costs multiplied by 1.35. Suppose that the contractor incurred $6,300 in labor and materials costs. Under the FixedPrice contract, the prot to the contractor is v . Meanwhile, the prot to the contractor under the CostPius contract is V . If the labor and material costs were to increase above $6,300, then the prot to contractor under the FixedPrice contract will v . Meanwhile, the prot to the contractor under the CostPius contract would V . Under which contract type would a contractor have an incentive to use substandard materials and less competent labor? (3' Fixed-Price 0 Cost Plus (3' Indeterminate