Question 3 The following information belongs to a target cost contract: Target cost = $250 M Target band = $230 M and ends $270 M Target contractor fee = $20 M Cost saving share = 60/40 by owner Cost increase share = 60/40 by contractor Contractor minimum fees = $5 M The GMC = $320 M Minimum expected project cost = $ 180 M Calculate the contractor maximum fee? Select one: a. b. 38 M C. 37 M d. 40 M 27 M

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The following information belongs to a target cost contract: Target cost

= $250 M

Target band

= $230 M

and ends

$270 M

Target contractor fee

= $20 M

Cost saving share

= 60/40

by owner Cost increase share

= 60/40

by contractor Contractor minimum fees

= $5 M

The

GMC = $320 M

Minimum expected project cost

= $180 M

Calculate the contractor maximum fee? Select one: a.

37 M

b.

38 M

c.

40 M

d.

27 M

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