PCC PCC Contract Management & Procurement 2

Question 1

Which contract type best incentivizes the contractor to control costs while sharing savings with the owner?

Accepted Answer

Cost-plus-incentive-fee

Answer

Cost-plus-incentive-fee contracts include a formula that shares cost savings or overruns between buyer and seller, aligning their interests.

Question 2

During procurement planning, a make-or-buy analysis helps the project team determine:

Accepted Answer

Whether to produce goods internally or purchase them externally

Answer

A make-or-buy analysis weighs the cost and feasibility of in-house production against outsourcing to an external vendor.

Question 3

A contractor submitting a claim for additional compensation due to unforeseen site conditions is exercising rights under which contract provision?

Accepted Answer

Differing site conditions clause

Answer

A differing site conditions clause entitles the contractor to seek additional compensation when subsurface or concealed conditions differ materially from those indicated in the contract.

Question 4

In the source selection process, which evaluation method uses a weighted scoring matrix to compare vendor proposals?

Accepted Answer

Best value trade-off

Answer

Best value trade-off uses weighted criteria to compare price, technical approach, and past performance, allowing a higher-cost proposal to win if it offers superior value.

Question 5

A project controls specialist tracks contract burn rate. This metric primarily measures:

Accepted Answer

How quickly the project is using budgeted contract funds over time

Answer

Contract burn rate tracks the rate at which contracted funds are being spent, helping forecast if the contract budget will be exhausted before completion.

(PCC) Project Controls Certification Practice Test

(PCC) Project Controls Certification Practice Test

PCC PCC Contract Management & Procurement 2