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GFOA CPFO Exam - Topic 12 Question 68 Discussion

The feasibility study assures investors and rating agencies necessary and fiscally sound. Consulting engineers are compensated in following ways:
D) All of these
A) A lump-sum payment when a project is clearly defined
B) Cost-plus-fixed-fee basis when a project is not
C) A percentage of construction costs, the percentage being based on a scale of civil engineers

GFOA CPFO Exam - Topic 12 Question 68 Discussion

Actual exam question for GFOA's CPFO exam
Question #: 68
Topic #: 12
[All CPFO Questions]

The feasibility study assures investors and rating agencies necessary and fiscally sound. Consulting engineers are compensated in following ways:

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Suggested Answer: D

by Gertude at Apr 03, 2023, 01:49 AM

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Cory
11 months ago
Cost-plus-fixed-fee is pretty common too!
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Eura
11 months ago
I thought it was just a lump-sum payment.
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Curt
11 months ago
Wait, all of these? Really?
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Cathrine
11 months ago
Totally agree, all options make sense!
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Theola
12 months ago
Consulting engineers can be paid in multiple ways.
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Ulysses
12 months ago
I'm leaning towards "All of these" because it seems like engineers have multiple ways to be compensated based on project specifics.
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Ashley
12 months ago
I practiced a similar question about compensation methods, and I feel like all of these options could be valid depending on the project type.
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Pamella
12 months ago
I think cost-plus-fixed-fee is used when the project scope is uncertain, but I can't recall if that's the best option overall.
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Carmelina
12 months ago
I remember discussing how lump-sum payments are common for clearly defined projects, but I'm not sure if that's the only way engineers get paid.
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Cassandra
12 months ago
The missing neighbor statement is the first thing I'd check. Option C seems like the most likely culprit based on the information provided.
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Arlyne
1 year ago
I'm not entirely sure about this one. The options all sound similar, but I'm not confident I fully understand the differences between them. I might need to review the TOGAF 9 content a bit more to feel comfortable selecting the best answer.
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Charlie
1 year ago
I'm a little confused by this question. I know there's a way to access the manual pages, but I can't recall the exact command off the top of my head. I'll have to think about this one for a bit.
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