PASS GUARANTEED 2025 PERFECT L4M3: CIPS COMMERCIAL CONTRACTING VALID EXAM CRAM

Pass Guaranteed 2025 Perfect L4M3: CIPS Commercial Contracting Valid Exam Cram

Pass Guaranteed 2025 Perfect L4M3: CIPS Commercial Contracting Valid Exam Cram

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Tags: L4M3 Valid Exam Cram, L4M3 Online Training, Clear L4M3 Exam, New L4M3 Dumps Ebook, L4M3 Test Fee

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CIPS Commercial Contracting Certification Exam is designed to assess the knowledge and skills required to effectively manage commercial contracts. CIPS Commercial Contracting certification is particularly relevant for those individuals who work in procurement, supply chain management, or contract management roles. L4M3 exam is offered by the Chartered Institute of Procurement and Supply (CIPS), which is a globally recognized professional body for procurement and supply chain professionals.

CIPS L4M3: CIPS Commercial Contracting is a professional qualification exam offered by the Chartered Institute of Procurement and Supply (CIPS). L4M3 Exam is designed for procurement and supply chain professionals who are involved in commercial contracting activities. It is a level 4 exam and is considered to be an intermediate level exam in the CIPS qualification framework.

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Solutions is commented Prep4SureReview to ace your CIPS Commercial Contracting (L4M3) exam preparation and enable you to pass the final CIPS L4M3 exam with flying colors. To achieve this objective Exams. Solutions is offering updated, real, and error-free L4M3 Certification Exam questions in three easy-to-use and compatible formats. These CIPS Commercial Contracting (L4M3) exam questions formats will help you in preparation.

The CIPS L4M3 Exam is suitable for procurement and supply chain professionals who are involved in commercial contracting activities in any industry or sector. It is particularly relevant for those who work in procurement or commercial roles, including contract managers, procurement officers, buyers, and supply chain managers.

CIPS Commercial Contracting Sample Questions (Q115-Q120):

NEW QUESTION # 115
Which of the following is most likely to be an one-off contract?

  • A. Framework Agreement for supply of mono-crystalline silicon
  • B. Commercial lease agreement of an office building
  • C. Franchise Agreement
  • D. Contract for construction of a power plant

Answer: D

Explanation:
One-off contracts are used where a supplier is only needed for a single activity unlikely to be repetitive, and where the need of the buyer is concrete and finite. Among the answers, only construction for power plant is one-off since the work is non-repetitive and the need is clearly defined.
A framework agreement is an agreement between one or more businesses or organisations, "the purpose of which is to establish the terms governing contracts to be awarded during a given period, in particular with regard to price and, where appropriate, the quantity envisaged".
A Commercial Lease Agreement is a contract used when renting business property to or from another individual or company. It gives the tenant (or renter) the right to use the property for business purposes during the term of the lease in exchange for payment to the landlord.
A franchise agreement is a legally binding document that outlines a franchisor's terms and conditions for a franchisee. Every franchise is governed by these terms, which are generally outlined in a written agreement between both parties.
Reference:
LO 1, AC 1.3


NEW QUESTION # 116
A procurement professional is drafting payment terms for a commercial contract. He is considering about payment method if defective products are found. Which of the following should be embedded in payment terms to control this issue?

  • A. Pay-less notice
  • B. Remedies for late payment
  • C. Invoice preparation
  • D. Retention clause

Answer: D

Explanation:
Retention money is the payment for a service or product that is withheld pending the completion of some specified condition. For example, buyer may withhold the amount due until the supplier replace all defective goods.
Pay-less notice is the notice under a contract which states that the invoice will only be partially paid because of some issues such as supplier has to pay the damages.
Remedies for late payment are remedies that supplier may seek when a buyer pay it later than the stated payment terms. Normally, the buyer will be charged an interest rate.
Reference:
LO 3, AC 3.3


NEW QUESTION # 117
Danielle buys a car from Aaron. Not long after, she receives an proposal from Brian, who is interested in buying the car but his budget is very constraint. Then, Brian decides to sign a hire purchase agreement with Danielle which lasts 4 years. Brian lives very far from Danielle, so he hires Charlie to deliver the car to his place. During the transport, Charlie has an accident and the car is written off. At the time of accident, who has the title of the car?

  • A. Charlie
  • B. Aaron
  • C. Brian
  • D. Danielle

Answer: D

Explanation:
Hire purchase is an arrangement for buying expensive consumer goods, where the buyer makes an initial down payment and pays the balance plus interest in installments. The ownership of the merchandise is not officially transferred to the buyer until all the payments have been made.
Danielle has purchased the car from Aaron, which means its title has been transferred to her. The accident happens before the last instalment is paid. Therefore, the ownership of the car still belongs to Danielle Reference:
LO 1, AC 1.3


NEW QUESTION # 118
Which of the following are good examples of a Key Performance Indicator?
The total number of services provided
Reduction rate in goods or services
Complaints resolved within two days
Delivery of goods on time and in full

  • A. 1 and 2 only
  • B. 2 and 3 only
  • C. 3 and 4 only
  • D. 2 and 4 only

Answer: C

Explanation:
Effective KPIs should be measurable, relevant, and tied to performance. "Complaints resolved within two days" and "Delivery of goods on time and in full" are standard KPIs as they reflect quality and timeliness of service-both key to contract success. The "total number of services" and general reductions do not directly reflect performance outcomes.
Reference:CIPS L4M3 Commercial Contracting Study Guide, Chapter 4, Section 4.3.1 - Key performance indicators and their application.


NEW QUESTION # 119
Which of the following would be steps in the preparation of an invitation to tender? Select TWO that apply.

  • A. Advertising the requirement
  • B. Publishing your company's financial reports
  • C. Creating a detailed specification
  • D. Learning International Standards
  • E. Re-writing a model form contract

Answer: A,C,E

Explanation:
Creating a detailed specification and publicly advertising the requirement are key preparatory steps in issuing an ITT (Invitation to Tender). These ensure that suppliers understand the requirement and have the opportunity to respond, promoting transparency and competition.
Reference:CIPS L4M3 Commercial Contracting Study Guide, Chapter 2, Section 2.2.1 - ITT preparation and issuing.


NEW QUESTION # 120
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