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CIPS L5M3 Exam With Confidence Using Practice Dumps

Exam Code:
L5M3
Exam Name:
Managing Contractual Risk
Vendor:
Questions:
120
Last Updated:
Mar 24, 2025
Exam Status:
Stable
CIPS L5M3

L5M3: CIPS Level 5 Advanced Diploma in Procurement and Supply Exam 2025 Study Guide Pdf and Test Engine

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Managing Contractual Risk Questions and Answers

Question 1

Perry is seeking a resolution to a conflict he has with his supplier. He wants a third party to make a binding and legally enforceable decision and wants the issue to remain confidential. He is considering litigation. Is this the best solution for Perry?

Options:

A.

yes- litigation is the most appropriate for his requirements

B.

no- Perry should try mediation

C.

no- Perry should try Adjudication

D.

no - Perry should try Conciliation

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Question 2

Which of the following will you put into box 5?

Options:

A.

Condition

B.

Warranty

C.

Innominate Term

Question 3

Which of the following will you put into box 3?

Options:

A.

Payment Term

B.

Time is of the Essence

C.

Subcontracting

D.

Specification