lished at $18,000,000. The contract calls for a fixed fee of one million dollars for the contractor as long as the actual cost does not exceed the GMP. There is an incentive clause that shares the savings below GMP 60% owner and 40% contractor. What is the owner's cost and contractor's profit if actual cost exc

lished at $18,000,000. The contract calls for a fixed fee of one million dollars for the contractor as long as the actual cost does not exceed the GMP. There is an incentive clause that shares the savings below GMP 60% owner and 40% contractor. What is the owner's cost and contractor's profit if actual cost exc

Fundamentals Of Construction Estimating

4th Edition

ISBN:9781337399395

Author:Pratt, David J.

Publisher:Pratt, David J.

Chapter8: Pricing Generally

Section: Chapter Questions

Problem 5RQ

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