Free Online CIPS L4M3 Practice Test

Prepare Your CIPS L4M3 Exam Questions with Free online L4M3 Practice Test. Get Brilliant Commercial Contracting Exam Results with Valid L4M3 Exam Dumps.

Page: 1 / 39

Total 193 Questions | Updated On: May 15, 2024

Add To Cart

Question 1

Which of the following are true statements about RFQ process? Select TWO that apply.

A : RFQ process creates heavier administrative burdens than tendering process

B : Price is often the only variable in the RFQ and quotations

C : Buying organisation should only send RFQ to pre-qualified suppliers

D : RFQ process is not suitable for low value purchase

E : RFQ process requires the suppliers to submit their technical proposals

Answer: B,C

Question 2

Which of the following is set down in statute as a liability that exists without any need to prove fault?

A : Strict liability

B : Contingent liability

C : Current liability

D : Non-current liability

Answer: A

Question 3

A purchase order can become a contract between supplier and purchaser if it is...?

A : Issued by the buyer

B : Received by the supplier

C : Accepted by the supplier

D : Edited by the supplier

Answer: C

Question 4

When should liquidated damages clauses be written into a contract?

A : When the breaching party wants to exclude all its liabilities

B : When the innocent party wants to punish the breaching party.

C : When the loss to the innocent party will be either too uncertain or too difficult to calculate.

D : When the court approves the damages amount before the contract is executed.

Answer: C

Question 5

Crown Commercial Service signed a four-year framework agreement with three suppliers on providing street lightning services. When the services are needed, the agency holds a mini competition. Eventually, the deal was awarded to Amey Public Services (APS) which was not listed as a supplier on the framework. Is this action compliant with legal requirement?

A : Yes, because APS tender matched all Crown Commercial Service’s requirement

B : No, because APS tender had not been evaluated before contract award

C : No, because once the framework agreement is set up, no additional suppliers can be added to it

D : Yes, because the intention had been to award the contract to APS in line with the framework agreement

Answer: C

Page: 1 / 39

Total 193 Questions | Updated On: May 15, 2024

Add To Cart