(Solved): Question (4): Draw a sketch to show the characteristic of the following target cost contract, i ...

Question (4): Draw a sketch to show the characteristic of the following target cost contract, in addition draw the expected final price curve according to the following: cost increase share $$=75\%$$ by owner, share saving $$=15\%$$ by contractor, GMC $$=290,000SR$$, GMP $$=300,000\mathrm{SR}$$, minimum fee $$=10,000\mathrm{SR}$$, target cost $$=200,000\mathrm{SR}$$, and maximum fee $$=35,000\mathrm{SR}$$ Analysis the following situations: a) If cost $$=295,000\mathrm{SR}$$, find the project profit and price b) If profit $$=25,000\mathrm{SR}$$, find the project cost and price c) If price $$=200,000SR$$, find the project cost and profit