This document provides a sample question and answer from the CAMP exam. The question asks about a contract type where a fee is paid to the seller based on buyer satisfaction. The answer is D, a cost plus award fee contract, where the fee paid is subjective and based on buyer criteria without the ability to appeal. It also clarifies that incentive fees in other contract types are based on predefined metrics. The document ends by promoting a free PM exam simulator online.

1. CAMP Exam
Sample Q & A

2. In which of the following contract types is a fee paid to the seller based on the satisfaction
of the buyer?
A. Fixed-price incentive fee contract
B. Cost plus incentive fee contract
C. Time and material contract
D. Cost plus award fee contract
HINT: Remember that incentive fee is often paid based on predefined criteria that are set
forth in the contract while time and material contract does not mention any fee.
QUESTION:

3. The correct answer is D.
In the fixed-price incentive fee contract and cost plus incentive fee contract, an incentive
fee is based upon pre-defined metrics in the contract, while the time and material contract
generally does not include any such fee. The fee involved in the cost plus award fee
contract is paid to the seller based on subjective criteria as determined by the buyer and is
generally not subject to appeals.
ANSWER:

4. All our questions are updated to the latest A Guide to the Project Management Body of Knowledge
(PMBOK® Guide) standard.
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