100% Pass Rate AACE International Reliable CCP Dumps | Try Free Demo before Purchase

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AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q70-Q75):

NEW QUESTION # 70
The following question requires your selection of CCC/CCE Scenario 6 (2.7.50.1.3) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
What is the range of estimated quantities?

A. $48.22
B. $485
C. $45 to $530
D. $26.78 to $75.00

Answer: C

Explanation:
The range of estimated quantities is the difference between the largest and smallest quantities in the dataset.
Smallest Quantity = 45 Largest Quantity = 530
So, the range is from 45 to 530, making C. $45 to $530 the correct answer.

NEW QUESTION # 71
A contract clause that provides the owner with the right to terminate the contract irrespective of the general contractor's liability is:

A. Substantial completion
B. Breach of contract
C. Termination of contract - convenience
D. Termination of contract - default

Answer: C

NEW QUESTION # 72

The following question requires your selection of CCC/CCE Scenario 28 (3.7.50.1.7) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
If the owner in A has a primary goal of completion within budget, the following contract types with the engineer/contractor would be best:

A. Engineer fixed price, contactor cost plus
B. Engineer - cost plus, contractor cost plus
C. Engineer - cost plus, contractor fixed price
D. Engineer - fixed price, contractor fixed price

Answer: D

NEW QUESTION # 73

The following question requires your selection of CCC/CCE Scenario 28 (3.7.50.1.7) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
A reason for using a Construction Manager type agreement is:

A. To better coordinate contractors and subcontractors as in Type B
B. To better coordinate contractors
C. To better coordinate subcontractors
D. Coordinate the owner and engineer as in Type A

Answer: D

NEW QUESTION # 74
A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year after the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded and construction will begin three years after the award of the design contract. New, unique ride technology will be used and an estimate will need to be developed to identify these costs that have no historical data.
The following question requires your selection of CCC/CCE Scenario 26(2.5.50.1.2) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
Select the statement that best describes the meaning of the +/-notations associated with an estimate. The actual cost is expected:

A. To be higher or lower that the percentages stated
B. To fall within the percentage range stated
C. To be exactly the percentages stated
D. To be outside the percentages stated

Answer: B

Explanation:
The +/- notations associated with an estimate indicate that the actual cost is expected to fall within the percentage range stated. This means that the final cost of the project is likely to be within a certain range above or below the estimated value, accounting for uncertainties and potential variations in the project's execution. This range gives a more accurate picture of the potential cost outcome, rather than assuming a fixed amount.

NEW QUESTION # 75
......

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100% Pass Rate AACE International Reliable CCP Dumps | Try Free Demo before Purchase

CCP Practice Test, CCP Test Centres

AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q70-Q75):

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