CIPS L4M3 Valid Dump : CIPS Commercial Contracting

L4M3 real exams

Exam Code: L4M3

Exam Name: CIPS Commercial Contracting

Updated: Nov 12, 2024

Q & A: 161 Questions and Answers

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CIPS L4M3 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Risks presented by contracting on suppliers terms or through oral contracts
  • Analyse the content of specifications for procurements
Topic 2
  • Appraise examples of key performance indicators (KPIs) in contractual agreements
  • Analyse the legal issues that relate to the creation of commercial agreements with customers or suppliers
Topic 3
  • Drafting specifications and developing marketdialogue with suppliers
  • Understand the legal issues that relate to the formation of contracts
Topic 4
  • Terms that apply to labour standards and ethical sourcing
  • Including social and environmental criteria inspecifications
Topic 5
  • Recognise types of pricing arrangements incommercial agreements
  • The battle of the forms and precedence of contract terms
Topic 6
  • Defining contractual performance measures or key performance indicators (KPI)
  • Understand the key clauses that are included informal contracts
Topic 7
  • Recognise examples of contractual terms typically incorporated into contracts that are created with external organisations
  • Invitation to tender or request for quotation
Topic 8
  • Cost plus and cost reimbursable pricing arrangements
  • Invitations to treat or invitations to negotiate

Reference: https://www.cips.org/qualifications/diploma-in-procurement-supply/commercial-contracting/

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