PDF L4M3 DUMPS HIGH PASS-RATE QUESTIONS POOL ONLY AT SUREPASSEXAMS

Pdf L4M3 Dumps High Pass-Rate Questions Pool Only at SurePassExams

Pdf L4M3 Dumps High Pass-Rate Questions Pool Only at SurePassExams

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CIPS Commercial Contracting Sample Questions (Q132-Q137):

NEW QUESTION # 132
If a false statement of material fact is made by one of the contracting parties, the misled party will have remedies for:

  • A. Indemnity
  • B. Recission
  • C. Damages
  • D. Misrepresentation

Answer: D

Explanation:
A false statement that induces a party to enter a contract constitutes misrepresentation. This provides the misled party with remedies that may include rescission (cancellation of the contract) and, depending on the type of misrepresentation (fraudulent, negligent), possibly damages as well.
Reference:CIPS L4M3 Commercial Contracting Study Guide, Chapter 1, Section 1.3.1 - Misrepresentation and legal remedies.


NEW QUESTION # 133
Which of the following will be included in a conformance specification?
1. Brand names
2. Description of the operating environments
3. Chemical formulae
4. Required safety level

  • A. 1 and 4 only
  • B. 1 and 3 only
  • C. 2 and 3 only
  • D. 1 and 2 only

Answer: C

Explanation:
According to CIPS, there are two main types of specification:
- Conformance specification - is more output driven as it outlines the product details exactly which may include the material, dimensions, tolerances, source, ingredients, packaging, storage of the part or material.
- Performance specification - is more output driven in terms of what the part or material must achieve.
Among the four options, only 2. 'Description of the operating environments' and 3.'Chemical formulae' are possible components of a conformance specification.Brand names can be a part of a performance specification, according to a document published by CIPS and NIGP.
Graphical user interface, text, application Description automatically generated

Reference:
- CIPS study guide page 8-10
- Knowledge Byte - Specification Development
- Principles and Practices of Public Procurement: Specifications
LO 1, AC 1.1


NEW QUESTION # 134
Which of the following sections would typically be included in a specification for services? Select THREE that apply.

  • A. A description of the service requirements
  • B. Questions relating to methods
  • C. The terms and conditions of the contract
  • D. The service start and end dates
  • E. The tender evaluation methodology
  • F. The fault rectification timeframes

Answer: A,D,F

Explanation:
A well-drafted service specification includes a clear description of the services to be delivered, fault rectification timelines, and the duration of service. These define scope, performance expectations, and timelines. Evaluation methodology and contract terms are important, but they are part of separate procurement or contractual documentation.
Reference:CIPS L4M3 Commercial Contracting Study Guide, Chapter 2, Section 2.1.3 - Components of service specifications.


NEW QUESTION # 135
Since services are intangible, so KPIs for services must be qualitative in all circumstances. Is this statement correct?

  • A. Yes, the only measure mattered to supply of services is end-users' satisfaction
  • B. No, KPIs for services must always be quantitative so that they can be measured easily
  • C. No, some KPIs for services are measurable by means of outcome, time and space performed
  • D. Yes, quantitative KPIs are limited to timeliness of supply of goods, defective rates and in-full quantities, which are applied to monitor supplier of physical goods

Answer: C

Explanation:
KPIs are used to monitor supplier's performance. They can be qualitative or quantitative. Of course, service providers can be monitored by quantitative KPIs regarding the outcome achieved (such as uptime in IT contracts), timeliness of deliveries (such as in construction contracts)...
Reference: CIPS study guide page 117-122
LO 2, AC 2.2


NEW QUESTION # 136
Royal Naval Hospital at Rockstown, Anyport manages a fleet of nine ambulance vehicles. During busy periods, it becomes very difficult to keep track of the location of each ambulance (and the nature of their journey). Continual problems lead to the proposal for a new control system (ERNS).
For this ERNS project, the procurement department has drafted a specification in which only a bullet point list of basic requirements was written down. The procurement manager understands that the specification should be developed more specifically but a cross functional team from the Hospital could not do that. A senior buyer suggests that some of Hospital's pre-qualified suppliers could support them in developing the specification.
Which of the following should be a priority approach of procurement department in developing dialogue with those suppliers about specification development?

  • A. Request for quotation from the suppliers
  • B. General networking
  • C. Internal discussion
  • D. One-to-one meeting with the suppliers

Answer: D

Explanation:
The procurement team has drafted basic requirements in the specification. They will need to develop it further and more specific. Developing market dialogue with supplier is a good solution. There are number of approaches which can be taken to engage with suppliers:
- General meetings: buyer meets supplier at a networking event (such as trade show) or social media. These discussions are unlikely to deliver very specific information.
- One-to-one meetings: This will be most likely to deliver direct input into specification development and supplier-specific product development information.
- Group visits
- Meet-the-buyer events
- Formal negotiations or competitive
The answer for this QUESTION should be One-to-one meeting.
Reference: CIPS study guide page 83-84
LO 2, AC 2.1


NEW QUESTION # 137
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