Free CIPS L4M3 Exam Questions
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CIPS L4M3 Exam Questions
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Provided By: CIPS
- Exam: Commercial Contracting
- Certification: CIPS Certification
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Total Questions: 193
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Updated On: Feb 18, 2025
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Rated: 4.9 |
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Online Users: 386
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Question 1
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A procurement manager is preparing a long-term contract with a major supplier. She decides to use the variable pricing arrangement using price indices. The payment terms describe the circumstances and mechanism where the price is allowed to change. In order to successfully manage this type of contract, the buying organisation should have...?
Answer: A
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A procurement manager is preparing a long-term contract with a major supplier. She decides to use the variable pricing arrangement using price indices. The payment terms describe the circumstances and mechanism where the price is allowed to change. In order to successfully manage this type of contract, the buying organisation should have...?
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Question 2
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Which of the following are likely to be advantages of using invitation to tender? Select TWO that apply:
Answer: C,D
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Which of the following are likely to be advantages of using invitation to tender? Select TWO that apply:
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Question 3
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Which of the following are reasons why a purchaser wants to embed a subcontracting clause into the main contract? Select TWO that apply:
Answer: A,D
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Which of the following are reasons why a purchaser wants to embed a subcontracting clause into the main contract? Select TWO that apply:
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Question 4
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Which of the following usually have no legal standing? Select TWO that apply:
Answer: C,D
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Which of the following usually have no legal standing? Select TWO that apply:
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Question 5
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Which of the following is set down in statute as a liability that exists without any need to prove fault?
Answer: A
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Which of the following is set down in statute as a liability that exists without any need to prove fault?