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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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Sheldon
22 days ago
I'm just here for the free coffee and donuts. As long as I get to put my feet up, I don't really care what the answer is.
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Andra
23 days ago
You guys are overthinking this. The answer is obviously B) Fixed Price with Economic Price Adjustment. It's the only one that specifically mentions 'long-term' in the question. Duh!
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Alica
1 months ago
I'd have to go with D) Time and Material contracts (T&M). That way the seller can just bill for the actual time and materials used, no matter how long the project takes. Seems like the easiest option to me.
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Paris
2 days ago
I disagree, I believe C) Cost-Plus-Fixed-Fee contracts (CPFF) would provide more stability for both parties involved.
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Kristel
20 days ago
I think A) Fixed-Price-Incentive-Fee contracts (FPIF) would be more suitable for long-term projects.
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Gladis
21 days ago
I think A) Fixed-Price-Incentive-Fee contracts (FPIF) would be more suitable for long-term projects.
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Earleen
2 months 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
2 months 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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Leoma
18 days ago
I agree, CPFF contracts help share the risk between the buyer and seller.
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Georgene
24 days ago
I think C) Cost-Plus-Fixed-Fee contracts (CPFF) is a good choice for long-term projects.
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Cyril
25 days ago
B) Fixed Price with Economic Price Adjustment contracts (FP-EPA) can also be a good choice for long-term projects as they allow for adjustments based on economic factors.
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Stephaine
29 days ago
A) Fixed-Price-Incentive-Fee contracts (FPIF) are also commonly used for long-term projects to incentivize sellers to meet certain performance targets.
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Teddy
2 months ago
I disagree, I believe the correct answer is B) Fixed Price with Economic Price Adjustment contracts (FP-EPA).
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Tiffiny
2 months ago
I think the answer is A) Fixed-Price-Incentive-Fee contracts (FPIF).
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Fidelia
2 months 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
2 months 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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Golda
15 days ago
T&M contracts might not be the best choice for long-term projects.
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Karan
17 days ago
I believe FPIF contracts could also work for projects spanning years.
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Sueann
25 days ago
I think CPFF contracts might also be used for long-term projects.
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Melita
1 months ago
I agree, FP-EPA contracts are great for long-term projects.
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Billye
2 months ago
I agree with Stephania, FPIF contracts are used for long-term performance periods.
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Stephania
2 months ago
I think the answer is A) Fixed-Price-Incentive-Fee contracts (FPIF).
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