he following information belongs to a target cost contract: Target cost = $250 M Target band = $230 M and ends $270 M Target contractor fee = $10.5 M Cost saving share = 55/45 by owner Cost increase share = 65/35 by contractor Contractor minimum fees =$5 M The GMC = $320 M Minimum expected project cost = $ 200 M Calculate the contractor fee, if the project cost is 280 M? Select one: a. 6 M b. 3 M c. 4 M d. 5 M
he following information belongs to a target cost contract: Target cost = $250 M Target band = $230 M and ends $270 M Target contractor fee = $10.5 M Cost saving share = 55/45 by owner Cost increase share = 65/35 by contractor Contractor minimum fees =$5 M The GMC = $320 M Minimum expected project cost = $ 200 M Calculate the contractor fee, if the project cost is 280 M? Select one: a. 6 M b. 3 M c. 4 M d. 5 M
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
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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 = $10.5 M Cost saving share = 55/45 by owner Cost increase share = 65/35 by contractor Contractor minimum fees =$5 M The GMC = $320 M Minimum expected project cost = $ 200 M Calculate the contractor fee, if the project cost is 280 M?
Select one:
a. 6 M
b. 3 M
c. 4 M
d. 5 M
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