Cips transcender cips Level 4 Diploma In Procurement And Supply L4m3 Exam Questions And Answers Pdf by Guy q57 vce pdf

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CIPS L4M3 Exam Overview :

Exam Name:	Commercial Contracting
Exam Code:	L4M3 Dumps
Vendor:	CIPS	Certification:	CIPS Level 4 Diploma in Procurement and Supply
Questions:	233 Q&A's	Shared By:	guy

Question 68

A construction company wishes to place the contract for the building of a new hotel to a principal contractor using a model form contract. Which of these is an advantage of using a 'model form contract?'

Options:

Incentive payment terms can be included to reward the supplier for attainment of cost savings

Formulae or indices can be included to assess any additional supplier's claims for contract price adjustment

It avoids the requirement to create complex contracts each time but can be adapted to suit particular circumstances

Legal advice is still required if significant amendments or variations are to be made to the contract

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Question 69

According to rule of contract formation, which of the following is a valid acceptance?

Options:

The person orally agrees to pay the offered price

The person states that she is able to pay the offered price

The person asks for a lower price

The person says that she will think about it overnight