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AGA Exam CGFM Topic 4 Question 43 Discussion

Actual exam question for AGA's CGFM exam
Question #: 43
Topic #: 4
[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 Dominque at Apr 10, 2024, 02:30 AM

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Irene
5 months ago
Some engineers prefer a percentage of construction costs, to align their interests with the project's success.
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Garry
5 months ago
I think it makes sense to pay them on a cost-plus-fixed-fee basis when the project scope is unclear.
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Rachael
5 months ago
I believe consulting engineers should be paid a lump-sum when the project is well-defined.
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Nohemi
5 months ago
I agree. The way consulting engineers are compensated is also important.
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Eric
5 months ago
I think the feasibility study is crucial for investors and rating agencies.
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Lisbeth
5 months ago
Some engineers prefer a percentage of construction costs, to align their interests with the project's success.
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Benedict
6 months ago
I think it makes sense to pay them on a cost-plus-fixed-fee basis when the project scope is unclear.
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Bette
6 months ago
I believe consulting engineers should be paid a lump-sum when the project is well-defined.
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Lottie
6 months ago
I agree. The way consulting engineers are compensated is also important.
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Shawna
7 months ago
I think the feasibility study is crucial for investors and rating agencies.
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Cassi
7 months ago
Ah, I see what you mean. Option C is too narrowly focused on the percentage-based compensation, whereas the question is asking for a more complete answer that covers the various compensation models.
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Lino
7 months ago
Well, I was initially thinking option C might be the answer, since it specifically mentions the percentage of construction costs. But then again, that's just one scenario, and the question is asking about the 'following ways' of compensation, implying multiple possibilities.
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Mitsue
7 months ago
Yeah, that's a good point. Option D does seem to be the most comprehensive answer. But I'm curious to hear what the others think. Any other perspectives on this?
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Jerlene
7 months ago
Hmm, I'm leaning towards option D. It seems to encompass all the scenarios described in the question, from a clearly defined project to one that is not well-defined.
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Johnna
6 months ago
Yes, it's important to have flexibility in compensation.
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Olive
6 months ago
I agree, covering all scenarios is important.
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Ronnie
6 months ago
Option D seems like the best choice.
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Rashad
7 months ago
I agree. The question is trying to assess our knowledge of the common compensation models used in the industry. We need to carefully analyze each option and determine which one covers the various situations mentioned.
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Glory
8 months ago
This question is definitely testing our understanding of how consulting engineers are typically compensated. I think the key here is to identify which of the options best captures the different scenarios that can arise.
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