CIPS Contract Administration : L3M3 valid dumps

L3M3 real exams

Exam Code: L3M3

Exam Name: Contract Administration

Updated: Nov 16, 2024

Q & A: 92 Questions and Answers

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CIPS L3M3 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Understand how to measure contract performance: This topic covers the use of data to gauge performance. Aspiring procurement professionals will learn about Key Performance Indicators (KPIs), which are crucial for assessing and managing contract outcomes. Additionally, they will explore different types of contractual risks and strategies for managing them.
Topic 2
  • Identify types of contracts and agreements: As a procurement professional preparing for the CIPS L3M3 Exam, you will gain a comprehensive understanding of the key administrative elements involved in managing commercial contracts. Mastering this topic will enable you to efficiently handle contract-related tasks, ensuring compliance and smooth contract execution.
Topic 3
  • Know how effective tendering is achieved: This topic will guide you through the initial actions and processes involved in tendering. You will learn to describe the essential documentation and content required at the start of the tender process, which is vital for successful tender management. Additionally, you will explore the tender evaluation and acceptance process, along with relevant regulations that may affect tendering.

Reference: https://www.cips.org/qualifications/procurement-certificate-advanced/contract-administration/

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