Exam (elaborations)
CIPS L4M3: COMMERCIAL CONTRACTING
- Course
- Institution
CIPS practice exams, past papers, pass CIPS exams on first attempt
[Show more]
Seller
Follow
bonolomakheba
Content preview
Commercial Contracting Questions1. Which of the following are likely to be included in an output specification?
1. Technical drawing
2. Requirement to comply with international quality standard
3. Required product functions
4. Required level of product performance
2. Which of the following items are likely to be included in an invitation to tender (ITT) select 3 items?
A. Submission deadline
B. Purchase order
C. Non disclosure agreement
D. KPI’s
E. Terms and conditions
F. Pricing schedule
3. Which of the following are likely to be included in request for quotation (RFQ) select 3 items
A. Output specifications
B. Terms of payment
C. Quotation reference number
D. Buyers standard terms and conditions
E. Identify other suppliers who are being invited to submit quotations
, 4. Which of the following items should be used to assess fitness for purpose, in the event of a
disagreement between buyer and supplier about product quality?
A. Product specifications
B. Contract KPI’s
C. Cost
D. Contract terms and conditions
5. For which one of the following is it most likely that a buyer will prepare a conformance specification
rather than a performance specification?
A. A service
B. A high value item
C. A sub assembly unit
D. An item of non standard software
6. In which part or element of a purchase contract are details of discounts for bulk purchases most likely
to be found?
A. In the product specifications
B. I n the implied terms of the contract
C. In the KPI’s
D. In a pricing schedule
7. Which one of the following items might be included in a health and safety for a contract for the
supply of works?
A. Requirements for the supplier/ contractor to maintain health and safety records
B. Requirements for the buyer/ customer to maintain health and safety records
C. The legal requirements relating to health and safety at work
D. Details of the suppliers in house health and safety procedures
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller bonolomakheba. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78677 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now