Rick Brown Rick Brown's Profile Page

Rick Brown Rick Brown

0 Course Enrolled • 0 Course Completed

Biography

Complete L4M3 Exam Dumps | Valid Exam L4M3 Book

P.S. Free 2025 CIPS L4M3 dumps are available on Google Drive shared by TestkingPass: https://drive.google.com/open?id=12uwolpRcGhOGHuTFCNgkSBpT6nhdNrAN

TestkingPass is regarded as an acclaimed L4M3 dumps study material provider for certification exams that includes a range of helping materials, programs and pathways to ease your tensions of L4M3 exam preparation. The prime objective in developing L4M3 exam dumps is to provide you the unique opportunity of getting the best information in the possibly lesser content. It not only saves your time but also frees you from the hassle of going through tomes of books and other study material. Shorn of unnecessary burden, you better focus what is extremely important to pass exam; hence you increase your chances of success with L4M3 Exam Questions than other that of candidates.

CIPS L4M3 certification exam is designed for individuals who are involved in commercial contracting, including procurement professionals, contract managers, project managers, and legal professionals. L4M3 exam is divided into three modules, each of which focuses on a specific aspect of commercial contracting. The first module covers the basics of contract formation, including the types of contracts, contract terms, and contract performance. The second module delves deeper into contract administration, including contract management techniques, performance monitoring, and dispute resolution. The final module focuses on contract termination, including contract close-out procedures and post-contract evaluation. Overall, the CIPS L4M3 Certification Exam is an excellent way for professionals to enhance their skills and knowledge in commercial contracting and advance their careers in this field.

>> Complete L4M3 Exam Dumps <<

Complete L4M3 Exam Dumps - Quiz First-grade L4M3 Valid Exam CIPS Commercial Contracting Book

Our L4M3 study materials are the accumulation of professional knowledge worthy practicing and remembering. There are so many specialists who join together and contribute to the success of our L4M3 guide quiz just for your needs. As well as responsible and patient staff who has being trained strictly before get down to business and interact with customers on our L4M3 Exam Questions. You can contact with our service, and they will give you the most professional guide.

CIPS L4M3 certification exam is an essential qualification for procurement professionals who are involved in commercial contracting. It is widely recognized by employers all over the world, and it is designed to equip candidates with the skills and knowledge they need to manage contracts effectively. If you are looking to take your procurement career to the next level, then the CIPS L4M3 Certification Exam is definitely worth considering.

CIPS Commercial Contracting Sample Questions (Q135-Q140):

NEW QUESTION # 135
Standard terms and conditions should become the governing terms for which group of items?

A. Leverage items
B. Bottleneck items
C. Strategic items
D. Routine items

Answer: D

Explanation:
Standard terms and conditions are set of terms that is prepared by an organisation. These terms can become the governing terms in low-value, low-risk transactions (or Routine items accordingto Kraljic's portfolio model). They can be a reference when negotiating for more important contract.
Reference: CIPS study guide page 132-139
LO 3, AC 3.1

NEW QUESTION # 136
Which of the following statements is FALSE on contracts for the leasing of assets?

A. The party responsible for maintenance, insurance and taxes is subject to negotiation
B. The lessee may bear some risks of ownership, such as the liability to insure the asset
C. In lease agreement, the possession and right of use of an asset are transferred to the lessee
D. The ownership of leased asset is transferred to the lessee at the end of the period

Answer: D

Explanation:
A lease is a contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset.
Some characteristics of Leases are:
- The right to use the lessor's asset is granted in exchange for a fee called the lease payment.
- The lease payments are usually paid in installments.
- Leases may be long- or short-term.
- At its inception a lease agreement constitutes a mutually unperformed contract Though the ownership of the asset is not transferred to the lessee, some responsibilities and risks do. The lessor and lessee may negotiate on who is responsible on maintenance, insurance, etc.
Reference: CIPS study guide page 67-69
LO 1, AC 1.3

NEW QUESTION # 137
Which of the following would be useful tools to incentivise supplier innovation over the duration of the contract?
1. Gainshare arrangement
2. Liquidated damages
3. Service credits
4. Fixed bonus payments

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

Answer: A

Explanation:
Gainshare is an incentive for cost control
Liquidated damage is common type of disincentive for late completion
Service credit is a remedy for not achieving targets set out in an SLA
Fixed bonus payment is an incentive for early completion
Reference:
LO 3, AC 3.3

NEW QUESTION # 138
Which of the following are typically included in an SLA? Select TWO that apply:

A. Product's lifespan
B. Service definition
C. Code of conduct
D. Requirements for packaging
E. KPI details
Correct)

Answer: B,E

Explanation:
The core elements of an SLA are set out below:
- Service definition
- Quality definition
- KPI details
- KPI management response
- Operational performance and management response
- Constraints or mitigating factors
Reference:
LO 2, AC 2.2

NEW QUESTION # 139
Which of the following is the procedure that makes no further competition under a framework agreement?

A. Direct call-off
B. Blanket order
C. Standing offer
D. Closed system

Answer: A

Explanation:
Direct call off is the act of placing an order under a framework agreement without having further competition.
Standing offer is an available offer.
Blanket order is another name of framework agreement
Closed system is a requirement of framework agreement. It is a system or process that, once started, does not allow new entrants.
Reference: CIPS study guide page 59-62
LO 1, AC 1.3

NEW QUESTION # 140
......

Valid Exam L4M3 Book: https://www.testkingpass.com/L4M3-testking-dumps.html

DOWNLOAD the newest TestkingPass L4M3 PDF dumps from Cloud Storage for free: https://drive.google.com/open?id=12uwolpRcGhOGHuTFCNgkSBpT6nhdNrAN