100% PASS QUIZ 2025 CIPS L4M3 PASS-SURE HOT SPOT QUESTIONS

100% Pass Quiz 2025 CIPS L4M3 Pass-Sure Hot Spot Questions

100% Pass Quiz 2025 CIPS L4M3 Pass-Sure Hot Spot Questions

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Tags: L4M3 Hot Spot Questions, L4M3 PDF Question, L4M3 Test Certification Cost, Exam L4M3 Materials, L4M3 Valid Exam Practice

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L4M3 practice questions and pass it with confidence. As far as the top features of L4M3 exam dumps are concerned, these CIPS L4M3 latest questions are real and verified by CIPS L4M3 certification exam experts. With the CIPS L4M3 Practice Test questions you will get everything that you need to learn, prepare and get success in the final CIPS Commercial Contracting certification exam.

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>> L4M3 Hot Spot Questions <<

CIPS L4M3 PDF Question, L4M3 Test Certification Cost

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CIPS Commercial Contracting Sample Questions (Q93-Q98):

NEW QUESTION # 93
Which of the following are reasons why a purchaser wants to embed a subcontracting clause into the main contract? Select TWO that apply:

  • A. To improve supply chain transparency
  • B. To induce the conflicts between the main contractor and subcontractors
  • C. To keep main contractor liable
  • D. To condemn whole liabilities to subcontractors
  • E. To reduce the main contract complexity

Answer: A,C

Explanation:
There are number of reasons why the purchaser will want to control the supplier's subcontracting:
- Supply chain transparency: Normally the purchaser has invested a lot of effort into selecting the right contractor. However, the main contractor's selection of subcontractor might not be in such careful manner, which may result in poor performance. Purchaser must know who subcontractors are. Controlling the subcontracting process can help the purchaser control the outcome.
- Contract terms: the purchaser's requirements must be reflected in the subcontracts. The subcontracting clauses may require the main contractor to do this.
- Liability: the main contractor may subcontract the whole or a part of its liabilities. Subcontracting clause may bind the contractor to be liable with the work, it cannot just blame the subcontractor for any faults.
Reference:
LO 3, AC 3.2


NEW QUESTION # 94
Which of the following are implied terms in sales contracts? Select THREE that apply.

  • A. Risk transfer
  • B. Mode of transportation
  • C. Customer satisfaction
  • D. Payment method
  • E. Fitness for purpose
  • F. Transfer of ownership

Answer: A,E,F

Explanation:
Generally, under the Sale of Goods Acts (in UK, Singapore, Australia,...) or Commercial Codes (in France, Germany, Vietnam,...), the sale contracts have the following implied terms:
- the seller has the right to sell the goods. This is also a condition of the contract
- the goods are free from undisclosed security interests
- the goods supplied under the contract will be reasonably fit for any purpose which the buyer made known to the seller
- sales of unseen goods will be of merchantable quality, and match their description and conformwith a sample.
- Passing of risk
- Passing of possession and title
Reference: CIPS study guide page 126-132
LO 3, AC 3.1


NEW QUESTION # 95
The pricing arrangement in which markup is added into cost base to calculate the final price is known as...?

  • A. Cost plus pricing
  • B. Market based approach
  • C. Fixed Price approach
  • D. Price indices

Answer: A

Explanation:
The market approach is a method of determining the value of an asset based on the selling price of similar assets.
A fixed-price strategy means you set a price and keep it constant for an extended period of time.
Cost-plus pricing is also known as markup pricing. It's a pricing method where a fixed percentage is added on top of the cost to produce A price index (PI) is a measure of how prices change over a period of time, or in other words, it is a way to measure inflation. There are multiple methods on how to calculate inflation (or deflation).
Reference: CIPS study guide page 176-179
LO 3, AC 3.3


NEW QUESTION # 96
In order to reduce the internal cost of administration from the raising of high-volume, low-value orders such as office stationery, a procurement manager implements the use of call-off orders for such circumstances. Is this an acceptable thing to do?

  • A. No, the procurement manager fears that they will lose staff and prefers to keep the administration costs high
  • B. Yes, the use of a blanket order cuts the staff administration time and paperwork that would be involved in numerous small orders
  • C. No, as the role of the administration staff is to keep a check on the items being ordered and they would lose this ability
  • D. Yes, as the procurement manager will be able to track more easily the volume of small orders and where the spend is occurring

Answer: B

Explanation:
Call-off or blanket orders are common procurement tools used to streamline the acquisition of routine, low- value items. This reduces the administrative workload and simplifies the process, allowing multiple deliveries under a single contract, thereby increasing efficiency and control.
Reference:CIPS L4M3 Commercial Contracting Study Guide, Chapter 4, Section 4.1.2 - Use of call-off and framework agreements.


NEW QUESTION # 97
RL Corporation are developing a specification for a new piece of equipment. They have no prior experience of procuring the item. The procurement manager wants to understand the benefits and risks of conducting market dialogue to help inform the procurement strategy. Which of the following are three potential advantages of market dialogue? Select THREE that apply.

  • A. Market dialogue is risk-free as there is no contract or agreement
  • B. Organisations can clarify and optimise the requirements
  • C. There is no need to conduct a full procurement process
  • D. Purchasers can gauge market interest and competition
  • E. More collaborative supplier relationships can be developed
  • F. The procurement process becomes significantly quicker

Answer: B,D,E

Explanation:
Market dialogue allows buyers to better understand supplier capabilities and refine their requirements. It promotes collaboration, helps clarify technical details, and indicates how much interest and competition exists in the market. However, it doesn't replace the formal procurement process and still carries some risk if not managed transparently.
Reference:CIPS L4M3 Commercial Contracting Study Guide, Chapter 2, Section 2.1.1 - Market dialogue and pre-tender supplier engagement.


NEW QUESTION # 98
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Passing the L4M3 exam requires the ability to manage time effectively. In addition to the CIPS Commercial Contracting (L4M3) exam study materials, practice is essential to prepare for and pass the CIPS L4M3 exam on the first try. It is critical to do self-assessment and learn time management skills. Because the L4M3 test has a restricted time constraint, time management must be exercised to get success. Only with enough practice one can answer real CIPS L4M3 exam questions in a given amount of time.

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