Cips l4m3 - Study guides, Class notes & Summaries

CIPS L4M3 (Commercial Contracting) QUESTIONS AND ANSWERS COMPLETE AND RATED A

CIPS L4M3 LO1-Legal issues in relation to commercial contracts- Qs & As what issues can occur as a result of misunderstanding in the specification? Correct Ans-- poor bids being received - claims for extensions of time or additional payments - administration costs resulting from contract clarification ord

CIPS L4M3 (Commercial Contracting) EXAM QUIZ AND ANSWERS

L4M3 - CIPS: Commercial Contracting Questions and Answers 100% CorrectL4M3 - CIPS: Commercial Contracting Questions and Answers 100% CorrectL4M3 - CIPS: Commercial Contracting Questions and Answers 100% Correct Ad-Hoc Purchase - ANSWER-An item bought for a single and non-recurring use or purpose Alternative Dispute Resolution (ADR) - ANSWER-Any method of resolving a dispute between two parties which does not involve court action, including escalation to higher levels of authority, mediation,...

L4M3 - CIPS: Commercial Contracting Questions with Correct Answers

L4M3 - CIPS: Commercial Contracting Questions with Correct Answers

L4M3 - CIPS: Commercial Contracting- Questions and Answers What is stage 1 of the CIPS procurement cycle? Correct Ans-Understanding the need and developing a high- level specification

L4M3 - CIPS: Commercial Contracting Ad-Hoc Purchase An item bought for a single and non-recurring use or purpose Alternative Dispute Resolution (ADR) Any method of resolving a dispute between two parties which does not involve court action, including escalation to higher levels of authority, mediation, adjudication and arbitration Articles of Incorporation The legal document creating a commercial company and setting out its purpose Base Year The starting point for an index, at which po...

L4M3 - CIPS Commercial Contracting.