Fee of contractor for a project has the following provisions Basic fee = 15% of actual cost of work incurred Bonus = 20% of savings from estimated cost of work Penalty = 20% of cost overrum If the estimated cost of the project is Rs. 60,000, and the actual cost is Rs. 70,000, then the total fee of contractor in Rupees is ___________

Fee of contractor for a project has the following provisions Basic fee

1.	Fee of contractor for a project has the following provisions Basic fee = 15% of actual cost of work incurred Bonus = 20% of savings from estimated cost of work Penalty = 20% of cost overrum If the estimated cost of the project is Rs. 60,000, and the actual cost is Rs. 70,000, then the total fee of contractor in Rupees is ___________
A.	8500 to 8500
B.	5500
C.	3500 to 4500
D.	6500
Answer» B. 5500

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