AACE International Exam CCP Topic 1 Question 8 Discussion

Actual exam question for AACE International's CCP exam

Question #: 8
Topic #: 1

Which of the following best describes the three key participants for projects that are executed under a three-party contractual relationship?

AContracting officer, contractor, and contractor project manager

BProcurement officer, underwriter, and project manager

COwner, engineer, contractor

DClient, project manager, procurement manager

Show Suggested Answer

Suggested Answer: C

In construction and project management, a three-party contractual relationship typically involves three key participants: the Owner, the Engineer, and the Contractor.

Key Points:

Owner:

The entity that funds and owns the project. The owner defines the project scope, objectives, and requirements and is the ultimate decision-maker.

Engineer:

Often referred to as the 'Designer' or 'Consultant,' the engineer is responsible for the technical design and specifications of the project. They ensure the project is constructed according to the owner's requirements and standards.

Contractor:

The party responsible for executing the construction work. The contractor follows the design provided by the engineer and delivers the project within the agreed terms of the contract.

Conclusion: The correct answer is C. Owner, engineer, contractor because these three parties are central to the execution and management of construction projects under a three-party contractual arrangement.

by Shaquana at Sep 15, 2024, 01:48 PM

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Gracia

27 days ago

Haha, this is a tricky one! I'm going with Option C, though. The owner, engineer, and contractor - that's the holy trinity of construction, right?

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Leah

1 days ago

Definitely, they each play a crucial role in the project's execution.

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Abel

13 days ago

I agree, those three are essential for a successful project.

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Buck

14 days ago

I think Option C is correct. The owner, engineer, and contractor are the key participants.

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Elbert

27 days ago

I'm not sure, but I think A) Contracting officer, contractor, and contractor project manager could also be correct.

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Norah

1 months ago

I agree with Corazon, because the owner, engineer, and contractor are the key participants in project execution.

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Arlette

1 months ago

Ah, the classic three-party contract question! Option C is the way to go, my friends. The owner, engineer, and contractor - that's the holy trinity of project management!

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Theresia

1 months ago

I'm torn between Options C and D, but I think C is the better choice. The three key roles make more sense for a three-party contract.

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Hyun

10 days ago

Yes, Option C makes the most sense. The owner, engineer, and contractor are the key participants in projects executed under a three-party contract.

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Pamela

1 months ago

I think Option C is the most logical choice as well. It aligns with the typical roles involved in a three-party contractual relationship.

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Lorean

1 months ago

I agree, Option C seems to be the best choice. The roles of owner, engineer, and contractor make sense for a three-party contract.

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Marylyn

1 months ago

Option C seems to be the correct answer. The three key participants are the owner, engineer, and contractor, as they are typically involved in a three-party contractual relationship.

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