Noah King Noah King
0 Course Enrolled • 0 Course CompletedBiography
2025 CIPS L4M3: CIPS Commercial Contracting–Valid Simulated Test
Some people want to study on the computer, but some people prefer to study by their mobile phone. Because our L4M3 study torrent can support almost any electronic device, including iPod, mobile phone, and computer and so on. If you choose to buy our CIPS Commercial Contracting guide torrent, you will have the opportunity to use our study materials by any electronic equipment. We believe that our L4M3 Test Torrent can help you improve yourself and make progress beyond your imagination. If you buy our L4M3 study torrent, we can make sure that our study materials will not be let you down
To be eligible for the CIPS L4M3 certification exam, candidates must have completed the CIPS L3M3 (CIPS Ethical Procurement and Supply) certification or have an equivalent qualification. Candidates must also have at least two years of experience in procurement, contract management, or a related field. L4M3 Exam is available to take globally, and candidates can choose to take the exam in person or online.
Quiz CIPS - L4M3 –Trustable Simulated Test
Braindumpsqa has made the L4M3 exam dumps after consulting with professionals and getting positive feedback from customers. The team of Braindumpsqa has worked hard in making this product a successful CIPS L4M3 Study Material. So we guarantee that you will not face issues anymore in passing the CIPS L4M3 certification test with good grades.
CIPS Commercial Contracting Sample Questions (Q48-Q53):
NEW QUESTION # 48
Which of the following is most likely to reduce ITT preparation time while maintaining the clarity of tendering documents?
- A. Monitoring usage
- B. Using request for quotation
- C. Standardising documentation whenever possible
- D. Eliminating pre-qualification stage from all tendering processes
Answer: C
Explanation:
One of the major disadvantages of tendering process is that it is lengthy, bureaucratic and slow. To reduce the preparation time, buying organisation can:
- Plan forward
- Standardise tendering documents (such as notices, terms and conditions,...) whenever possible
- Train procurement staff
- Write down policies for tender-waiver
Buying organisation should not eliminate the pre-qualification stage from all tendering processes. This stage is used as a filter to select the most competent suppliers for next stage in restricted tendering. To save time in this process, you can design a model questionnaire.
Reference:
LO 1, AC 1.1
NEW QUESTION # 49
A procurement professional is preparing a sale & purchase contract of a machinery. Which of the following clauses should be added to the contract? Select TWO that apply
- A. Guarantees
- B. Ratio decidendi
- C. Insurance requirements
- D. Period of hire
- E. Supplier selection mechanism
Answer: A,C
Explanation:
The complexity of the contract will reflect the complexity of the purchase. For simple, low-value purchases, standard terms and conditions may be all that is required, but do not assume that just because the purchase is one-off, the contract will be simple. It may still need to cover the following areas:
- Warranties and guarantees if the one-off purchase has a considerable life-span and is business-critical (e.g., a back-up generator for the office which houses the national computer servers).
- Insurance requirements: including professional indemnity, public/products liability, employer's liability, and cover for any specific risks such as pollution or working at height.
- Specification requirements on quality, timing and delivery
- Minimum quality standards on the business operation (e.g., a catering provider might only be providing sandwiches for a team meeting lunch, but you still need to know its hygiene practices).
- Built-in change process for any goods or services that are beyond very simple (e.g., works contracts always have variations procedures because of the unpredictable nature of such projects).
- Ability to extend the scope of the contract should be minimal or none, and restrained to the single requirement.
- Ability to extend the duration of the contract should be limited to the ability to accommodate unexpected time overruns (which itself should be subject to a damages/penalty provision where they are attributable to the supplier, and an extension to overheads costs where they are attributable to the purchaser).
- Data security protocols need to be considered if personal data is being shared.
Reference: CIPS study guide page 57
LO 1, AC 1.3
NEW QUESTION # 50
As a result of a global pandemic, a local hospital is facing significant patient capacity pressures and would like the construction of a new 50-bed ward to be prioritised and fully operational at the earliest opportunity.
Which of the following pricing arrangements would support this aspiration?
- A. Time and materials arrangement pricing
- B. Fixed price economic adjustment pricing
- C. Penetration contract pricing
- D. Incentivised contract pricing
Answer: D
Explanation:
Incentivised pricing is designed to motivate suppliers to meet or exceed performance targets by providing financial or other incentives. In urgent projects, such as constructing a hospital ward during a pandemic, incentivised pricing encourages suppliers to accelerate delivery without compromising on quality. This supports the buyer's need for speed and reliability.
Reference:CIPS L4M3 Commercial Contracting Study Guide, Chapter 4, Section 4.2.2 - Types of pricing mechanisms and when to use them.
NEW QUESTION # 51
A buyer is in the process of supporting colleagues internally in the drafting of a specification for a new product. They have limited personal knowledge of the product and of the market. They are at the very early stages of drafting the specification and are seeking to increase their knowledge, whilst at the same time, keeping their likely future needs a commercial secret at this stage. Which of the following would be the best method of achieving this?
- A. Advertising on a relevant online forum
- B. General networking at relevant trade events
- C. Issue a formal request for information
- D. Interview staff from finance
Answer: B
Explanation:
In the early stages of procurement planning, informal methods like networking at trade events are effective for gaining insights without disclosing sensitive procurement intentions. It allows the buyer to explore the market, understand new technologies or suppliers, and develop informed specifications while preserving confidentiality.
Reference:
CIPS L4M3 Commercial Contracting Study Guide, Chapter 2, Section 2.1.1 - Benefits and risks of early market engagement.
NEW QUESTION # 52
A procurement professional is drafting payment terms for a commercial contract. He is considering about payment method if defective products are found. Which of the following should be embedded in payment terms to control this issue?
- A. Invoice preparation
- B. Retention clause
- C. Remedies for late payment
- D. Pay-less notice
Answer: B
Explanation:
Retention money is the payment for a service or product that is withheld pending the completion of some specified condition. For example, buyer may withhold the amount due until the supplier replace all defective goods.
Pay-less notice is the notice under a contract which states that the invoice will only be partially paid because of some issues such as supplier has to pay the damages.
Remedies for late payment are remedies that supplier may seek when a buyer pay it later than the stated payment terms. Normally, the buyer will be charged an interest rate.
Reference: CIPS study guide page 190-191
LO 3, AC 3.3
NEW QUESTION # 53
......
If you have any doubts about the L4M3 pdf dump, please feel free to contact us, our team I live 24/7 to assist you and we will try our best to satisfy you. Now, you can download our L4M3 free demo for try. If you think our L4M3 study torrent is valid and worthy of purchase, please do your right decision. Braindumpsqa will give you the best useful and latest L4M3 Training Material and help you 100% pass. Besides, your information is 100% secure and protected, we will never share it to the third part without your permission.
L4M3 Valid Test Practice: https://www.braindumpsqa.com/L4M3_braindumps.html
- L4M3 Best Study Material 💃 Dumps L4M3 Guide 🔄 Free L4M3 Braindumps 🖤 Immediately open { www.pass4test.com } and search for ➠ L4M3 🠰 to obtain a free download 〰Free L4M3 Braindumps
- L4M3 Official Cert Guide 🐘 L4M3 Actual Exam 📡 L4M3 Reliable Study Materials 🧯 The page for free download of ☀ L4M3 ️☀️ on ☀ www.pdfvce.com ️☀️ will open immediately 😭L4M3 Reliable Test Tips
- Dumps L4M3 Guide 🧤 L4M3 VCE Exam Simulator 🧳 Dumps L4M3 Guide 🧅 Easily obtain free download of ➽ L4M3 🢪 by searching on ☀ www.pass4leader.com ️☀️ 😉L4M3 Exam Outline
- Regualer L4M3 Update 📤 Regualer L4M3 Update 🔥 L4M3 Test Book 🏸 Search for ( L4M3 ) and download it for free on ➥ www.pdfvce.com 🡄 website 🕜Reliable L4M3 Study Guide
- 100% Pass Quiz CIPS - Perfect L4M3 Simulated Test 🥯 Search for ▛ L4M3 ▟ and obtain a free download on ▶ www.passtestking.com ◀ 🦯Book L4M3 Free
- Regualer L4M3 Update 🐎 L4M3 Test Dumps Demo 🤪 L4M3 Official Cert Guide 📶 Immediately open ➽ www.pdfvce.com 🢪 and search for 「 L4M3 」 to obtain a free download 🦞Dumps L4M3 Guide
- L4M3 Actual Exam 😠 Exam L4M3 Voucher 🚣 L4M3 Reliable Test Tips 🐟 Search for ▷ L4M3 ◁ and download it for free on ✔ www.examcollectionpass.com ️✔️ website 😠L4M3 VCE Exam Simulator
- Book L4M3 Free 🗓 L4M3 New APP Simulations 🙈 L4M3 Official Cert Guide 🚦 Go to website ▶ www.pdfvce.com ◀ open and search for ➤ L4M3 ⮘ to download for free 🌵Test L4M3 Simulator
- L4M3 Test Dumps Demo 🤛 L4M3 Official Cert Guide 🏍 Regualer L4M3 Update 📽 Copy URL { www.pass4test.com } open and search for ▛ L4M3 ▟ to download for free 🛺Dumps L4M3 Guide
- Splendid CIPS L4M3 Exam Questions - Pass Exam Confidently [2025] 🍊 Easily obtain free download of 「 L4M3 」 by searching on ( www.pdfvce.com ) 💨L4M3 Exam Outline
- L4M3 Latest Exam Pdf - L4M3 Exam Training Materials - L4M3 Valid Exam Topics 🏍 Easily obtain free download of ▶ L4M3 ◀ by searching on ✔ www.prep4away.com ️✔️ 📪L4M3 Exam Outline
- L4M3 Exam Questions
- senseilms.michaelwoodward.ca therichlinginstitute.com barclaytraininginstitute.com tebbtakamuli.com evanree836.is-blog.com klarttechnologies.com deepcyclepower.com course.geekscoders.com learnmulesoft.com www.lilly-angel.co.uk