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GAQM APM-001 Exam - Topic 6 Question 19 Discussion

The contract in which the seller is reimbursed for all allowable costs for performing the contract work and then receives a fee based upon achieving certain performance objectives is called a:
A) Cost Plus Incentive Fee Contract (CPIF).
B) Cost Plus Fixed Fee Contract (CPFF).
C) Fixed Price Incentive Fee Contract (FPIF).
D) Time and Material Contract (T&M).

GAQM APM-001 Exam - Topic 6 Question 19 Discussion

Actual exam question for GAQM's APM-001 exam
Question #: 19
Topic #: 6
[All APM-001 Questions]

The contract in which the seller is reimbursed for all allowable costs for performing the contract work and then receives a fee based upon achieving certain performance objectives is called a:

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Suggested Answer: A

by Nu at Aug 01, 2022, 11:59 AM

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Mauricio
10 months ago
Cost Plus Fixed Fee Contract (CPFF) is also a thing, but not this one.
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Sylvia
10 months ago
Wait, are you sure about that? Sounds a bit off.
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Lisbeth
10 months ago
CPIF is correct, they get reimbursed plus a bonus!
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Pamella
10 months ago
I thought it was a Fixed Price Incentive Fee Contract (FPIF).
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Nadine
11 months ago
It's definitely a Cost Plus Incentive Fee Contract (CPIF).
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Leatha
11 months ago
I practiced a question similar to this, and I remember that CPIF has those performance objectives tied to the fee. So, I’m leaning towards A as well.
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Barbra
11 months ago
I'm not entirely sure, but I feel like CPFF is more about fixed fees, so it can't be that. Maybe it's C?
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Sharee
11 months ago
I think the answer might be A, the Cost Plus Incentive Fee Contract. I remember it has something to do with reimbursing costs and performance incentives.
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Eveline
11 months ago
I keep mixing up CPIF and FPIF. I think both have incentives, but one is cost-based and the other is fixed price. Ugh, I need to think this through!
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Kris
11 months ago
Hmm, the part about high-yield debt and corporate structure analysis seems tricky. I'll need to make sure I understand how that impacts the credit analysis strategy. And the municipal securities section is a bit outside my expertise, so I'll need to review that carefully.
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Jacki
11 months ago
This looks like a process mapping or workflow diagram. I'd first analyze the different steps and connections to see how they relate.
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