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CIPS Exam A8 Topic 1 Question 62 Discussion

Actual exam question for CIPS's A8 exam
Question #: 62
Topic #: 1
[All A8 Questions]

In which of the following situations is a 'fixed price contract' most appropriate?

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Suggested Answer: A

by Joesph at Jun 29, 2024, 10:33 PM

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Gabriele
8 months ago
That's true, but in general, fixed price contracts are more suitable for projects with clear scope and deliverables.
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Eura
8 months ago
But what about option D? Sometimes services can also be accurately measured and a fixed price contract could work.
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Daisy
8 months ago
Haha, D is a trap! Changing service requirements are the opposite of what you want in a fixed-price contract. You'd be better off with a time-and-materials or cost-plus arrangement for that.
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Jesus
8 months ago
I agree, C seems to be the correct answer. A fixed-price contract provides the most certainty for both the client and the supplier when the scope of work is well-defined.
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Elouise
7 months ago
I agree, a fixed-price contract is definitely most appropriate when the work can be accurately foreseen and measured. It helps avoid any unexpected costs or disputes.
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Henriette
7 months ago
I think C is the best option too. It's important to have a clear understanding of the work to be done in order to set a fixed price.
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Marsha
8 months ago
I agree with Gabriele, fixed price contracts are best when the work is well-defined.
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Novella
8 months ago
Hmm, C looks like the obvious choice here. A fixed-price contract is best when the work can be accurately planned and measured. Volatility and changes in service requirements are better suited for other contract types.
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Keneth
7 months ago
Yeah, it makes sense to use a fixed price contract when the work can be accurately foreseen and measured.
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Rasheeda
8 months ago
I agree, C seems like the most appropriate choice for a fixed-price contract.
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Gabriele
8 months ago
C) For a contract where the work can accurately be foreseen and accurately measured
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