VALID DUMPS CCP BOOK - CCP LATEST EXAMPREP

Valid Dumps CCP Book - CCP Latest Examprep

Valid Dumps CCP Book - CCP Latest Examprep

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Difficulty in Writing AACE-International CCP: Certified Cost Professional (CCP) Exam

The main preparation material for the AACE-International CCP: Certified Cost Professional (CCP) Exam is the industry experience and related college degree as this is the prerequisite of the exam. CCP exam dumps are designed in such a way to make better preparatory material. If not properly prepared, this test may prove to be a very tough certification. We always suggest that you study the CCP practice examinations before you actually take the test. However, applicants may pass the examination with the proper focus and preparatory material.

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Free PDF Quiz AACE International - CCP - Certified Cost Professional (CCP) Exam –Professional Valid Dumps Book

The chance to examine the content of the CCP practice material before purchasing it will give you peace of mind. So, try a free demo to evaluate the authenticity of the AACE International CCP Exam product. 2Pass4sure forewarns you that the topics of the AACE International CCP test change from time to time.

AACE International CCP certification is an important career milestone for anyone working in the field of cost engineering or project management. It demonstrates a professional’s commitment to achieving excellence and sets them apart from their peers. With the vast range of topics covered in the CCP Exam, it’s an opportunity to gain a deeper understanding of the field and to prove one’s skillset to the industry.

AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q64-Q69):

NEW QUESTION # 64
An effort by a prime contractor to reduce the price quoted by a vendor, by providing the bid price to other vendors in an attempt to get the other vendors to underbid the original price quoted is referred to as:

  • A. Costing
  • B. Bid shopping
  • C. Negotiating a best and final offer
  • D. Cost-price analysis

Answer: B

Explanation:
Bid shopping is an unethical practice where a prime contractor discloses a vendor's bid price to other vendors to encourage them to underbid the original price quoted. This practice can lead to lower quality work or unfair pricing pressures on vendors and is generally frowned upon in the construction industry.
Option A: Costing refers to the process of determining the cost of a product or service, not the manipulation of bids.
Option B: Cost-price analysis involves evaluating the costs and prices of goods or services, not bid manipulation.
Option D: Negotiating a best and final offer is a legitimate practice in procurement to get the best price after initial bids are received but does not involve unethical disclosure of bid prices.
Therefore, C. Bid shopping is the correct answer as it describes the specific practice of using one vendor's bid to undercut prices from others.


NEW QUESTION # 65

The following question requires your selection of CCC/CCE Scenario 28 (3.7.50.1.7) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
If the owner in B has as his primary goal to get the project completed and on line as fast as possible, then he would most likely use the ______________type of contract.

  • A. Lump sum + incentive
  • B. Lump sum
  • C. Unit Rate
  • D. Cost plus

Answer: A


NEW QUESTION # 66
An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed to last twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generated would be $22,500 and annual expenditures were to be $12,000.
Answer the question using a straight line depreciation and a 10% interest rate.
If $100,000 is needed to purchase a piece of equipment 3 years from now, how much money needs to be invested today assuming a 10% rate of return (rounded to the nearest thousand)?

  • A. $78,000
  • B. $70,000
  • C. $82,000
  • D. $75,000

Answer: D


NEW QUESTION # 67

The following question requires your selection of CCC/CCE Scenario 6 (2.7.50.1.3) from the right side of your split screen., using the drop down menu, to reference during your response/choice of responses.
Calculate the weighted average unit cost.

  • A. $48.35
  • B. $46.13
  • C. $47.63
  • D. $48.09

Answer: A


NEW QUESTION # 68
A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year after the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded and construction will begin three years after the award of the design contract. New, unique ride technology will be used and an estimate will need to be developed to identify these costs that have no historical data.
The following question requires your selection of CCC/CCE Scenario 26 (2.5.50.1.2) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
Which statement best describes the type of information available for a design phase estimate?

  • A. Detailed construction drawings, quantity takeoffs, detailed labor hours and material costs applied, quotes from all major subcontractors
  • B. Utility requirements, detailed building plans and (- specifications, types of rides and exhibits identified, all vendor quotes or estimates received from subcontractors
  • C. Square footage of buildings, factored indirects, types of rides and exhibits identified, utility requirements, conceptual layouts
  • D. Home office detail, specific vendor quotes, preliminary quantities with labor and material factors applied

Answer: C

Explanation:
During the design phase of a project, the type of information typically available includes square footage of buildings, factored indirects, types of rides and exhibits identified, utility requirements, and conceptual layouts. At this stage, detailed construction drawings and specific vendor quotes may not yet be available, but the design will have advanced enough to provide a conceptual framework, which includes the size of the project, types of attractions, and basic infrastructure requirements. This information allows for a preliminary estimate that can be refined as the design progresses.


NEW QUESTION # 69
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