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AGA Exam CGFM Topic 3 Question 49 Discussion

Actual exam question for AGA's CGFM exam
Question #: 49
Topic #: 3
[All CGFM 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 Matthew at Jun 23, 2024, 03:19 PM

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Lashawna
7 months ago
Wait, there's more than one way to compensate consulting engineers? I thought they just got paid in hugs and high-fives.
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Hannah
6 months ago
D) All of these
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Margurite
6 months ago
C) A percentage of construction costs, the percentage being based on a scale of civil engineers
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Essie
6 months ago
B) Cost-plus-fixed-fee basis when a project is not
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Bong
6 months ago
Hobert: 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, D) All of these
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Camellia
6 months ago
A) A lump-sum payment when a project is clearly defined
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Hobert
6 months ago
Really? I had no idea. What are some of the ways?
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Sonia
6 months ago
Yes, consulting engineers can be compensated in different ways.
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Shalon
6 months ago
Actually, they can also be paid based on a percentage of construction costs.
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Phuong
7 months ago
I didn't know that, I thought they only got paid a lump sum.
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Willodean
7 months ago
Yes, consulting engineers can be compensated in different ways.
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Erick
7 months ago
Yes, that's one way they can be compensated, but they can also receive a lump-sum payment or a percentage of construction costs.
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Isidra
7 months ago
A lump-sum payment? That's like paying the plumber before he's even fixed the leak. D all the way!
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Jacqueline
7 months ago
I believe consulting engineers are usually compensated on a cost-plus-fixed-fee basis.
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Hester
7 months ago
Hmm, I'm not sure about this one. Maybe I'll just guess and hope for the best.
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Stephaine
7 months ago
I agree, it helps ensure the project is financially viable.
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Ben
7 months ago
Consulting engineers should be paid a percentage of construction costs. That's the most fair way to do it.
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Shawnda
7 months ago
The cost-plus-fixed-fee basis seems like the most reasonable approach when a project is not clearly defined. That's my pick.
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Glory
6 months ago
I think a percentage of construction costs could also be a good option to align the interests of the consulting engineers with the success of the project.
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Elfriede
7 months ago
I agree, the cost-plus-fixed-fee basis provides more flexibility in uncertain projects.
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Levi
8 months ago
I think the feasibility study is important for investors.
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Chauncey
8 months ago
I think the correct answer is D. All of these are valid ways for consulting engineers to be compensated.
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Gregoria
7 months ago
Yes, having multiple compensation options can help ensure a fiscally sound project.
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Abraham
7 months ago
I think it makes sense to have different payment options based on project complexity.
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Berry
7 months ago
It's important for investors and rating agencies to know the compensation structure.
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Darrin
7 months ago
I agree, consulting engineers can be compensated in multiple ways.
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