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Cost-plus incentive pricing

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In the project planning process, it was determined that a Cost-Plus Incentive Pricing (CPIF) contract will be used for the selected general contractor with a 70/30 share ratio and a target cost of $500.000 with a $50,000 Fixed Fee. At the end of project, costs came in at $476.000. How much was the seller paid according to the terms of this CPIF contract?

Reference no: EM133442805

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