Civil Engineering consulting firms that provide services to
outlying communities are vulnerable to a number of factors that
affect the financial condition of the communities, such as bond
issues, real estate developments, etc. A small consulting firm
entered into a fixed-price contract with a spec home builder,
resulting in a stable income of $940000 per year in years 1 through
4. At the end of that time, a mild recession slowed the
development, so the parties signed another contract for...