High-quality Latest L4M3 Dumps Ppt | Reliable L4M3 Exam Discount: CIPS Commercial Contracting
P.S. Free & New L4M3 dumps are available on Google Drive shared by ExamDumpsVCE: https://drive.google.com/open?id=10ij9XZfvtzVkr6638K51C9Pjrf8RvvKx
We here guarantee that we will never sell the personal information of our candidates. There is no need for you to worry about the individual privacy under our rigorous privacy L4M3 protection system. As regards purchasing, our website and L4M3 study materials are absolutely safe and free of virus. For further consideration we will provide professional IT personnel to guide your installation and the use of our L4M3 Study Materials remotely. So you can buy our L4M3 study materials without any misgivings. If you have any questions, please you contact us online through the email.
Adapt to the network society, otherwise, we will take the risk of being obsoleted. Our L4M3 qualification test help improve your technical skills and more importantly, helping you build up confidence to fight for a bright future in tough working environment. Our professional experts devote plenty of time and energy to developing the L4M3 Study Tool. You can trust us and let us be your honest cooperator in your future development. Here are several advantages about our L4M3 exam for your reference.
CIPS CIPS Commercial Contracting Exam Questions in 3 User-Friendly Formats
Our L4M3 practice materials made them enlightened and motivated to pass the exam within one week, which is true that someone did it always. The number is real proving of our L4M3 exam questions rather than spurious made-up lies. And you can also see the comments on the website to see how our loyal customers felt about our L4M3 training guide. They all highly praised our L4M3 learning prep and got their certification. So will you!
CIPS Commercial Contracting Sample Questions (Q167-Q172):
NEW QUESTION # 167
Which of these describes "consideration" within a contract?
Answer: D
Explanation:
Consideration refers to the exchange of something of value between the contracting parties and is a fundamental requirement for a valid contract. It can be in the form of goods, services, money, or a promise.
Without consideration, there is no enforceable contract even if other elements like offer and acceptance are present.
Reference:CIPS L4M3 Commercial Contracting Study Guide, Chapter 1, Section 1.1.1 - Essential elements of a valid contract.
NEW QUESTION # 168
A large company supplies a lot of products. Their shipments are often delayed and customers are not satisfied. Which of the following KPIs is most likely to be applied to this situation?
Answer: D
Explanation:
If the deliveries often delay, buyer should use KPI to measure how many missed deliveries there are and the percentage of total missed deliveries on total number of deliveries for period. OTIF (one-time in-full) delivery might help.
Consignment stock availability means that the supplier holds adequate range/number of units of stock to offer a reliable service Delay damages are the consequences caused by delay of deliveries Technical support is the acceptable quality of technical information/support provided by supplier for goods supplied.
LO 2, AC 2.2
NEW QUESTION # 169
Which of the following are driving forces for increasing use of social and environmental criteria in specifications? Select TWO that apply.,
Answer: C,E
Explanation:
Reasons for including social and environmental criteria may include the following:
- Expected Cost Savings and Financial Motives
- Management Support and Commitment
- Employees
- Altruistic Values
- Power Imbalances along the supply chain
- Image and Reputation
- Government Regulations
- Customers
- Competitors
Management, employees, government, customers and competitors are among the stakeholders that make pressures to the organisation on social and environmental criteria.
Reference:
- Drivers and Barriers to the Adoption of Sustainable Procurement in SMEs
- CIPS study guide page 95-96
LO 2, AC 2.1
NEW QUESTION # 170
Which of the following are key features of standard terms and conditions? Select TWO that apply
Answer: C,D
Explanation:
The key features, advantages and disadvantages of standard terms are summarised below:
- Form: Concise, generic and designed to be attached to purchase or sales orders
- Non-negotiable
- Ineffective terms: may be replaced by implied terms or national legal code rules, or subject to court 'balance of interest' judgement.
- Advantages: Basic contractual protection for most common circumstances; Avoid having to create new contract for repeat business.
- User friendly
- Usage: Low value, low risk, repetitive transactions
- Coverage: Definitions, relationship to other contracts, formation of the contract, order of precedence, price, invoicing and payment, specification, legal compliance, warrantee and liability, ownership and risk, intellectual property, data management and ethics.
- Disadvantages: Does not allow for specific circumstances; Risk for creating battle of the forms; Can create contractual uncertainty if used with purchase orders under call-off contracts.
Reference: CIPS study guide page 139
LO 3, AC 3.1
NEW QUESTION # 171
Which of the following is the model form of contract for construction which is recommended by World Bank?
Answer: D
Explanation:
FIDIC is the International Federation of Consulting Engineers (or Federation Internationale des Ingenieurs Conseils in French). FIDIC has produced many publications, including the model form contracts, best practice guidances, research on sustainability, integrity and risk management. FIDIC model form contracts have been developed by this organisation since 1999, now they consist of several different books which are marked by colours. Thus, FIDIC model contracts also have the nickname "Rainbow suite of contracts". Basically, the "Rainbow Suite" include the following books:
* Yellow book: Plant and Design-Build Contract (2 editions: 1999 and 2017)
* Silver book: EPC/Turnkey Contract (2 editions: 1999 and 2017)
* Red book: Construction Contracts (2 editions: 1999 and 2017)
* Emerald book: Conditions of Contract for Underground Works (1st Ed 2019)
* Blue-Green book: Dredgers Contract (2 editions: 2006 and 2016)
* Gold book: Design, Build and Operate Contract Guide
* Pink book: Construction Contract Multilateral Development Bank Harmonised Ed (2 editions: 2005 and 2010) This type of model contract is commonly used around the world because its author, International Federation of Consulting Engineers, collaborates closely with development banks such as World Bank, Africa Development Bank, Asia Development Bank, etc. Every construction project that is financed by these institutions must adopt the FIDIC contracts.
The Joint Contracts Tribunal, also known as the JCT, produces standard forms of contract for construction, guidance notes and other standard documentation for use in the construction industry in the United Kingdom. From its establishment in 1931, JCT has expanded the number of contributing organisations.
ITC (International Trade Centre) produces contracts specifically designed for small companies doing international business, covering the sale of goods, distribution, services and joint ventures. Many small companies are now engaged in international trade, but don't have access to the necessary contract forms to protect themselves. ITC and leading legal experts developed eight generic contract templates that incorporate internationally recognized standards and laws for most small business situations.
CIPS has several model forms of contract designed specifically for IT buying and servicing.
Reference:
LO 3, AC 3.1
NEW QUESTION # 172
......
You have to know that a choice may affect your very long life. Our L4M3 guide quiz is willing to provide you with a basis for making judgments. You can download the trial version of our L4M3 practice prep first. After using it, you may have a better understanding of some of the advantages of L4M3 Exam Materials. We have three versions of our L4M3 learning quiz: the PDF, Software and APP online for you to choose.
L4M3 Exam Discount: https://www.examdumpsvce.com/L4M3-valid-exam-dumps.html
ExamDumpsVCE L4M3 Exam Discount assists people in better understanding, studying, and passing more difficult certification exams, CIPS Latest L4M3 Dumps Ppt So the fair price is just made for you, And there are L4M3 free download demo questions for your reference before you buy, To find more details about L4M3 practice study material, you can find them by your own, and you may get surprised by their considerate content, With the international standard L4M3 certification means a wider range of choices for you.
You should avoid variation in brightness on the L4M3 backdrop so you can get a better chroma key, If this does not work, there is a configuration problem with X, ExamDumpsVCE assists people Exam L4M3 Questions Pdf in better understanding, studying, and passing more difficult certification exams.
Pass Guaranteed Quiz Professional CIPS - Latest L4M3 Dumps Ppt
So the fair price is just made for you, And there are L4M3 Free Download demo questions for your reference before you buy, To find more details about L4M3 practice study material, you can find them by your own, and you may get surprised by their considerate content.
With the international standard L4M3 certification means a wider range of choices for you.
BTW, DOWNLOAD part of ExamDumpsVCE L4M3 dumps from Cloud Storage: https://drive.google.com/open?id=10ij9XZfvtzVkr6638K51C9Pjrf8RvvKx