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Ace Your L4M3 CIPS Level 4 Diploma in Procurement and Supply Exam

Page: 7 / 15
Total 196 questions

Commercial Contracting Questions and Answers

Question 25

Under a framework agreement, which of the following are supplier selection mechanisms? Select TWO that apply:

Options:

A.

Rescission of contract

B.

Mini competition

C.

Contract for lease

D.

Direct call-off

E.

Call off contract

Question 26

Which of the following is the model form of contract for construction which is recommended by World Bank?

Options:

A.

ITC

B.

JCT

C.

CIPS

D.

FIDIC

Question 27

Which of the following should include in the service level agreement that is an appendix of a contract?

1. How often the service is measured

2. Minimum qualification of supplier staffs

3. Remedies to resolve dispute

4. On time service delivery

Options:

A.

1, 3 and 4 only

B.

1, 2 and 3 only

C.

2, 3 and 4 only

D.

1, 2 and 4 only

Question 28

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

Page: 7 / 15
Total 196 questions