1. You are analyzing the appropriate type of contract to use for part of your project One opt1on is a fixed price contract for S400 000 The other option IS a fixed price incentive fee contract w1th a ce1ling price of S425,000, a target cost of S350,000.and an Incentive fee of 10% with a share ratio of 80120 If you select the fixed price incentive fee contract and the f1nal cost 1s $375,000 what will the final price be?
2. You are analyzing the appropriate type of contract to use for part of your project One option 1s a cost re11nbursable contract with a target price of $700,000 and an incentive fee of 15% with a share ratio of 70130 If the final cost is S775,000 what Will the fee be?