You want to buy expertise vi) You are buying standard commodities 1b) You are a project manager on a fixed price incentive fee (FPIF) contract, the target cost is estimated at Ghe 3.5million, and the target fee at Ghc 450,000. The project is over, and the buyer has agreed that the costs were, in fact, Ghc 3.8million. Because the actual costs came in higher than the target costs, the seller shares in the increased cost: 75% to the buyer and 25% to the seller. Calculate the: I. II. III. IV. Final fee Final price Assuming the ceiling price of the contract is Ghe 4million, what would be the final fee? Explain a ceiling price to a non-technical person. (15 marks) l on large infrastructure projects. Also, highlight