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Pass your CIPS L4M3 Exam with accurate Questions & Answers
Commercial Contracting
Last Updated: Oct 4, 2024
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189 Questions and Answers for the CIPS L4M3 exam
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CIPS Commercial Contracting Syllabus
- Risks presented by contracting on suppliers terms or through oral contracts/ Analyse the content of specifications for procurements
- Cost plus and cost reimbursable pricing arrangements/ Invitations to treat or invitations to negotiate
- Compare types of contractual agreements made between customers and suppliers/ Standardisation of requirements versus increasing the range of products
- Drafting specifications and developing marketdialogue with suppliers/ Understand the legal issues that relate to the formation of contracts
- Analyse contractual terms for contracts that arecreated with external organisations/ The Vienna Convention on the International Sales of Goods
- Appraise examples of key performance indicators (KPIs) in contractual agreements/ Analyse the legal issues that relate to the creation of commercial agreements with customers or suppliers
- Recognise examples of contractual terms typically incorporated into contracts that are created with external organisations/ Invitation to tender or request for quotation
- Terms that apply to labour standards and ethical sourcing/ Including social and environmental criteria inspecifications
- Recognise types of pricing arrangements incommercial agreements/ The battle of the forms and precedence of contract terms
- Defining contractual performance measures or key performance indicators (KPI)/ Understand the key clauses that are included informal contracts