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CIPS L4M3 Exam With Confidence Using Practice Dumps

Exam Code:
L4M3
Exam Name:
Commercial Contracting
Vendor:
Questions:
196
Last Updated:
Jun 17, 2025
Exam Status:
Stable
CIPS L4M3

L4M3: CIPS Level 4 Diploma in Procurement and Supply Exam 2025 Study Guide Pdf and Test Engine

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Commercial Contracting Questions and Answers

Question 1

The pricing arrangement in which markup is added into cost base to calculate the final price is known as...?

Options:

A.

Fixed Price approach

B.

Market based approach

C.

Price indices

D.

Cost plus pricing

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Question 2

Which of the following contracts would be best suited to a ‘variable pricing’ arrangement?

Options:

A.

A contract for window cleaning during the next three months

B.

A contract for road building estimated to take five years to complete

C.

A contract for the supply of 100 printing machines to be delivered next month

D.

A contract for the supply of lubricating oil for immediate delivery

Question 3

Which of the following are always included within a framework agreement? Select TWO that apply:

Options:

A.

Exact quantity to be purchased

B.

Call-off procedure

C.

Exact price to be paid

D.

Duration

E.

Insurance