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CIPS Commercial Contracting Study Training Dumps Grasp the Core Knowledge of L4M3 Exam - BraindumpsPass

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For individuals seeking the CIPS L4M3 Certification, it is recommended that they have at least two years of relevant experience in procurement and supply chain management roles. CIPS Commercial Contracting certification exam is relevant for professionals working in both the public and private sectors, including commercial, non-profit, and government organizations.

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CIPS Commercial Contracting Sample Questions (Q98-Q103):

NEW QUESTION # 98
Which of the following key performance indicators are most likely to use numerical data as the main source of information?
The critical evaluation of project deliverables
The subjective responses of a satisfaction survey regarding a service
The instances of late deliveries within a given month
The occurrence of accidents and near misses in a year

A. 2 and 4 only
B. 1 and 3 only
C. 3 and 4 only
D. 1 and 2 only

Answer: C

Explanation:
KPIs that involve actual counts or quantifiable incidents are considered quantitative and use numerical data.
"Late deliveries" and "accidents or near misses" are measured in numbers, making them suitable for numerical performance tracking. The other options relate more to qualitative analysis or subjective feedback.
Reference:CIPS L4M3 Commercial Contracting Study Guide, Chapter 4, Section 4.3.2 - Quantitative KPIs and performance data.

NEW QUESTION # 99
Maximum Score 1
A service contract for cleaning is due for expiry after a five-year duration. Which of the following are good sources of data to create a specification for the new invitation to tender?
* Incumbent supplier
* Maintenance services
* Alternative suppliers
* Management information

A. 1, 3 and 4 only
B. 1, 2 and 3 only
C. 2, 3 and 4 only
D. 1, 2 and 4 only

Answer: A

Explanation:
Developing new tender specifications should draw on:
* Current supplier experience (1);
* Alternative suppliers' input (3);
* Performance and usage data (4).Maintenance services (2) are unrelated to cleaning.
Reference: CIPS L4M3 Commercial Contracting - "Sources of data for contract specifications."

NEW QUESTION # 100
Which of the following are benefits of using model form contracts? Select TWO that apply.
Liability is greatly reduced for suppliers
Suppliers can renegotiate terms more easily
They improve contract consistency
They are widely accepted in certain industries

A. 1 and 3
B. 2 and 4
C. 3 and 4
D. 1 and 2

Answer: C

Explanation:
Model form contracts are pre-standardised agreements used across industries to bring consistency, clarity, and fairness to commercial relationships. They are particularly beneficial in complex sectorslike construction and engineering where industry-accepted templates like NEC, JCT, or FIDIC are widely used.
Reference:CIPS L4M3 Commercial Contracting Study Guide, Chapter 3, Section 3.1.3 - Use and benefits of model form contracts.

NEW QUESTION # 101
Which of the following are NOT covered by CISG? Select TWO that apply:

A. Liability to pay damages
B. Liability of the seller for death or personal injury
C. Contract validity
D. Remedies for breach of contracts
E. Transfer of risks

Answer: B,C

Explanation:
United Nations Convention on Contracts for the International Sale of Goods (Vienna Convention or CISG) Vienna Convention was prepared by by the United Nations Commission on ¬International Trade Law (UNCITRAL) and adopted by a diplomatic conference on 11 April 1980. The Convention was welcomed by several countries from different geographic areas, with different legal and political systems. As of 20 August
2020, the Convention has93 Contracting States. The Convention has proved the effectiveness of an uniform text on international trade law.
What CISG covers, and what it does not
In the 6 first articles of the Convention, the authors set up the boundaries of its application.
First is about where it applies. According to UNCITRAL, the Convention applies to contracts of sale of goods between parties whose places of business are in different States and either both of those States are Contracting States or the rules of private international law lead to the law of a Contracting State. A few States have availed themselves of the authorisation in article 95 to declare that they would apply the Convention only in the former and not in the latter of these two situations. As the Convention becomes more widely adopted, the practical significance of such a declaration will diminish. Finally, the Convention may also apply as the law applicable to the contract if so chosen by the parties. In that case, the operation of the Convention will be subject to any limits on contractual stipulations set by the otherwise applicable law.
Second, the Convention has a list of goods that are not subject to its application in Article 2. Article 3 clarifies the differences between manufacturing contracts and sale contract.
Third, Article 4 and 5 clearly states what CISG does not covers, including grounds for contract invalidity and liabilities to death or injury of person caused by the the goods Finally, the Convention respects the contractual freedom of the trading parties. Trading parties may select this convention as governing law or select other instrument, such as UPICC or domestic laws.
Reference:
- Governing law in International Contracts - Would you choose CISG or UPICC (Part 1)
- CIPS study guide page 49-52
LO 1, AC 1.2

NEW QUESTION # 102
A construction company is undertaking a housing development project. They need lots of bricks and other building materials, but the construction site doesn't have large area for storage of materials. Therefore, the company's suppliers must deliver the building materials with fixed quantity and at fixed time intervals. What type of contract is used between the construction company and its suppliers?

A. One off contract
B. Call off contract
C. Framework agreement
D. Spot transaction

Answer: B

Explanation:
In the scenario, the contract between the company and its suppliers is continuous rather than one-off. So it cannot be one-off contract or spot purchase. The quantity and time is well known and fixed, this type of contract is known as call-off contract or blanket order.
Reference:
LO 1, AC 1.3

NEW QUESTION # 103
......

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