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AACE International Exam CCP Topic 1 Question 18 Discussion

Actual exam question for AACE International's CCP exam
Question #: 18
Topic #: 1
[All CCP Questions]

When using a fixed-price./lump-sum contract, which of the following; situations can a payment be made for the adjustment of fluctuations in the cost of of construction resources?

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Suggested Answer: C

In a fixed-price/lump-sum contract, the agreed price is fixed and generally not subject to adjustment based on fluctuations in costs, unless explicitly stated in the contract terms. Payment for adjustments in construction costs due to fluctuations in resource prices or delays is typically not allowed unless there is a specific provision for such adjustments, which is rare in fixed-price contracts. Therefore, the correct answer is C. In no situation.

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by Tresa at Feb 07, 2025, 11:55 AM

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Felicia
4 days ago
Hmm, I was considering option A, but you both make good points. If the contractor proposed a methodology for handling price changes, that could also be a valid scenario for payment adjustments.
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Giuseppe
5 days ago
I disagree, I believe the correct answer is B) For changes in construction cost or varied works carried out beyond the original date of completion.
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Serina
7 days ago
I agree with Emmanuel. Option D is the correct answer. Contractors shouldn't be held responsible for price changes they can't control.
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Rosenda
8 days ago
I think the answer is A) For changes in prices calculated in accordance with a methodology proposed by the contractor at tender stage.
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Emmanuel
16 days ago
Option D seems like the most logical choice here. The question specifically mentions 'fluctuations in the cost of construction resources', which would fall under the category of changes beyond the control of either party.
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Rebecka
2 days ago
A) For changes in prices calculated in accordance with a methodology proposed by the contractor at tender stage.
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