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GAQM Exam PPM-001 Topic 2 Question 78 Discussion

Actual exam question for GAQM's PPM-001 exam
Question #: 78
Topic #: 2
[All PPM-001 Questions]

Which contract type is typically used whenever the seller's performance period spans a considerable period of years?

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Suggested Answer: B

by Melissa at Dec 14, 2023, 05:10 AM

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Earleen
3 days ago
I'm not sure, but I think C) Cost-Plus-Fixed-Fee contracts (CPFF) might also be a good option for long-term performance periods.
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Oliva
5 days ago
Hmm, I'm not sure about that. I was thinking C) Cost-Plus-Fixed-Fee contracts (CPFF) might be a better fit for a long-term project. That way the seller doesn't have to bear all the risk of cost overruns.
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Teddy
6 days ago
I disagree, I believe the correct answer is B) Fixed Price with Economic Price Adjustment contracts (FP-EPA).
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Tiffiny
8 days ago
I think the answer is A) Fixed-Price-Incentive-Fee contracts (FPIF).
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Fidelia
10 days ago
I'm not sure, but I think C) Cost-Plus-Fixed-Fee contracts (CPFF) could also be a good option for long-term projects.
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Alesia
10 days ago
I think the answer is B) Fixed Price with Economic Price Adjustment contracts (FP-EPA). This type of contract is designed to handle long-term projects where the seller's costs may fluctuate over time.
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Billye
13 days ago
I agree with Stephania, FPIF contracts are used for long-term performance periods.
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Stephania
18 days ago
I think the answer is A) Fixed-Price-Incentive-Fee contracts (FPIF).
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