Tony Allen Tony Allen's Profile Page

Tony Allen Tony Allen

0 Course Enrolled • 0 Course Completed

Biography

Test L4M3 Questions | Relevant L4M3 Exam Dumps

2025 Latest ITdumpsfree L4M3 PDF Dumps and L4M3 Exam Engine Free Share: https://drive.google.com/open?id=1kHlZEDx4o3MyTfOZljoYYID6QUaJdbNW

Regular practice can give you the skills and confidence needed to perform well on your L4M3 exam. By practicing your CIPS Commercial Contracting (L4M3) exam regularly, you can increase your chances of success and make sure that all of your hard work pays off when it comes time to take the test. We understand that every CIPS Commercial Contracting (L4M3) exam taker has different preferences. To make sure that our CIPS Commercial Contracting (L4M3) preparation material is accessible to everyone, we made it available in three different formats. You can choose the most suitable and convenient one for you.

CIPS L4M3 exam, also known as the CIPS Commercial Contracting exam, is an important certification for procurement professionals who want to advance their careers in commercial contracting. L4M3 exam is designed to assess the knowledge and skills required to manage commercial contracts effectively, from the planning stages to the final delivery of goods or services. Passing L4M3 Exam demonstrates a high level of proficiency in contract management and can help procurement professionals stand out in a competitive job market.

>> Test L4M3 Questions <<

Relevant L4M3 Exam Dumps, L4M3 Exam Fee

Our L4M3 exambraindumps are known for the quality as well as the high pass rate. The pass rate is above98%. If you buy the L4M3 learning materials, in our website, we will guarantee the safety of your electric instrument as well as a sound shopping environment, you can set it as a safety web, since our professionals will check it regularly for the safety. If you have the desire, contact us.

CIPS L4M3 certification exam is a computer-based exam, and it consists of 60 multiple-choice questions. Candidates have two hours to complete the exam, and they must achieve a score of at least 60% to pass. L4M3 exam is available at CIPS exam centers all over the world, and it can also be taken online.

CIPS L4M3 (CIPS Commercial Contracting) Exam is one of the most prestigious qualifications in the procurement and supply chain management field. It is designed to test the knowledge, skills, and competency of professionals who are involved in commercial contracting. L4M3 Exam is instrumental in ensuring that individuals have all the necessary skills and knowledge to manage contracts and commercial agreements effectively.

CIPS Commercial Contracting Sample Questions (Q75-Q80):

NEW QUESTION # 75
Which of the following is the procedure that makes no further competition under a framework agreement?

A. Closed system
B. Blanket order
C. Direct call-off
D. Standing offer

Answer: C

Explanation:
Direct call off is the act of placing an order under a framework agreement without having further competition.
Standing offer is an available offer.
Blanket order is another name of framework agreement
Closed system is a requirement of framework agreement. It is a system or process that, once started, does not allow new entrants.
Reference:
LO 1, AC 1.3

NEW QUESTION # 76
Which of the following contracts would be best suited to a 'variable pricing' arrangement?

A. A contract for road building estimated to take five years to complete
B. A contract for the supply of 100 printing machines to be delivered next month
C. A contract for window cleaning during the next three months
D. A contract for the supply of lubricating oil for immediate delivery

Answer: A

Explanation:
Variable pricing is suitable to situations when the cost of certain elements of the product fluctuate unpredictably. For road building, asphalt fluctuates regularly. Furthermore, 5 years are long period, then variable pricing is the most appropriate method to achieve value for money and control budget.
A contract for window cleaning during the next three months is a short-term service contract, fixed price is the most suitable method.
A contract for the supply of lubricating oil for immediate delivery is an one-off contract, only fixed price is applicable.
A contract for the supply of 100 printing machines to be delivered next month is also an one-off contract.
Reference: CIPS study guide page 172-183
LO 3, AC 3.3

NEW QUESTION # 77
Carillion Ltd is a major construction contractor in the UK. The company commits to continuous improvement and sets out a performance management program that is integrated across the organisational, individual, and supplier levels. To ensure that the suppliers acknowledge the program, every time negotiating the contract terms with suppliers, the procurement team of Carillion appends a performance management framework to the draft document as a schedule. Is the action of procurement team appropriate?

A. No, because the framework will increase the complexity of the contract
B. Yes, because Carillion wants to implement early supplier involvement
C. No, because the performance management should be solely developed by suppliers
D. Yes, because the framework should have legal standing as a part of contract

Answer: D

Explanation:
Performance management framework often consists of KPIs, targets and consequences that arise from achieved scores. To ensure that the framework has binding effect on contracting parties, it should be developed, appended to the main contract document and agreed by both parties. So the answer should be "Yes, because the framework should have legal standing as a part of contract".
Reference:
LO 1, AC 1.1

NEW QUESTION # 78
When a contract has been agreed on the basis of a fraudulent misrepresentation, which of the following remedies are available?

A. Rescission only
B. Damages only
C. An injunction only
D. Both damages and rescission

Answer: C

Explanation:
An untrue statement of fact or law made by Party A (or its agent) to Party B, which induces Party B to enter a contract with Party A thereby causing Party B loss. An action for misrepresentation can be brought in respect of a misrepresentation of fact or law.
There are three types of misrepresentation:
- Fraudulent misrepresentation: where a false representation has been made knowingly, or without belief in its truth, or recklessly as to its truth.
- Negligent misrepresentation: a representation made carelessly and in breach of duty owed by Party A to Party B to take reasonable care that the representation is accurate. If no "special relationship" exists, there may be a misrepresentation under section 2(1) of the Misrepresentation Act 1967 where a statement is made carelessly or without reasonable grounds for believing its truth.
- Innocent misrepresentation: a representation that is neither fraudulent nor negligent.
The remedies for misrepresentation are rescission and/or damages. For fraudulent and negligent misrepresentation, the claimant may claim rescission and damages. For innocent misrepresentation, the court has a discretion to award damages in lieu of rescission; the court cannot award both (see section 2(2) of the Misrepresentation Act 1967). For more information, see Practice note, Misrepresentation.
Reference:
- Misrepresentation
- CIPS study guide page 55
LO 1, AC 1.2

NEW QUESTION # 79
Which of the following are most likely to be substantive elements of the specification of a truck? Select TWO that apply:

A. Foreword
B. Ethics
C. Expected lifespan
D. Abbreviation
E. Guarantee

Answer: C,E

Explanation:
The key substantive elements to be included in a specification are:
- Characteristics of the product or service
- Time scale for delivery
- Response times for defects
- KPIs relating to performance and reliability
- Lifespan and durability expectations
- Documentary requirement for training/user manual and/or management information
- Any specific requirements regarding implementation
Reference: CIPS study guide page 90-92
LO 2, AC 2.1

NEW QUESTION # 80
......

Relevant L4M3 Exam Dumps: https://www.itdumpsfree.com/L4M3-exam-passed.html

What's more, part of that ITdumpsfree L4M3 dumps now are free: https://drive.google.com/open?id=1kHlZEDx4o3MyTfOZljoYYID6QUaJdbNW

Cookie	Duration	Description
cookielawinfo-checkbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Tony Allen Tony Allen

Biography

COOKIE NOTICE