Instant Access CIPS.L4M3.v2026-11-13.q126 Actual Practice Test Engine for Free (Page 5)

Welcome to DumpsDB

- Passing Exams, Dumps for Free

Request Exam Contact

Home
Popular Exams
- Oracle
- Fortinet
- Juniper
- Microsoft
- Cisco
- Citrix
- CompTIA
- VMware
- ISC
- SAP
- EMC
- PMI
- HP
- Salesforce
View All Exams
New Dumps
Upload

Oracle
Fortinet
Juniper
Microsoft
Cisco
Citrix
CompTIA
VMware
ISC
SAP
EMC
PMI
HP
Salesforce

Home
CIPS Certification
L4M3 Exam
CIPS.L4M3.v2026-11-13.q126 Dumps

«
1
2
3
4
5
6
7
8
9
10
…
»
»»

Question 16

A procurement professional is preparing a sale & purchase contract of a machinery. Which of the following clauses should be added to the contract? Select TWO that apply

A.Supplier selection mechanism
B.Insurance requirements
C.Period of hire
D.Ratio decidendi
E.Guarantees

Correct Answer: B,E

The complexity of the contract will reflect the complexity of the purchase. For simple, low-value purchases, standard terms and conditions may be all that is required, but do not assume that just because the purchase is one-off, the contract will be simple. It may still need to cover the following areas:
- Warranties and guarantees if the one-off purchase has a considerable life-span and is business-critical (e.g., a back-up generator for the office which houses the national computer servers).
- Insurance requirements: including professional indemnity, public/products liability, employer's liability, and cover for any specific risks such as pollution or working at height.
- Specification requirements on quality, timing and delivery
- Minimum quality standards on the business operation (e.g., a catering provider might only be providing sandwiches for a team meeting lunch, but you still need to know its hygiene practices).
- Built-in change process for any goods or services that are beyond very simple (e.g., works contracts always have variations procedures because of the unpredictable nature of such projects).
- Ability to extend the scope of the contract should be minimal or none, and restrained to the single requirement.
- Ability to extend the duration of the contract should be limited to the ability to accommodate unexpected time overruns (which itself should be subject to a damages/penalty provision where they are attributable to the supplier, and an extension to overheads costs where they are attributable to the purchaser).
- Data security protocols need to be considered if personal data is being shared.
Reference:
LO 1, AC 1.3

Comment: *

Name: *

Email: *

Verification: *

insert code

Question 17

Which of the following will be always automatically deemed as a consideration?

A.Promise to perform over and above an existing obligation
B.Promise given to a third party
C.Implied consideration
D.Past consideration

Correct Answer: A

Consideration only appears in common law countries. Below are some examples of what is and what is not consideration:
- Past consideration is something that has already been done or given. This cannot act as consideration
- Implied consideration: if the detail of a promise to pay is expressed after the provision of goods or services, but there is an implication that such promise would be forthcoming, this may (depending on the facts) be valid consideration.
- A promise given to a third party: this is not normally consideration, and is based on a concept known as privity of contract. Anyone who is not a party to the contract, even if they are beneficiary of it, cannot sue if the terms of the contract are breached.
- A promise to perform over and above an existing obligation: This is always consideration Reference:
- Consideration & Promissory Estoppel
- CIPS study guide page 36-40
LO 1, AC 1.2

Comment: *

Name: *

Email: *

Verification: *

insert code

Question 18

A service contract is going to be expired, which data source is good to create specifications for ITT?
1. Incumbent supplier
2. Maintenance services
3. Alternative supplier
4. User's knowledge

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

Correct Answer: B

There are a number of shortcuts that can be taken when drafting the specification. These include the following:
- The use of brand names
- The use of recognised standards
- The use of samples
- Information and knowledge from users/other buyers: Drafting a specification should naturally include those already used within the organisation itself, but also variants used by other companies in the same sector and other companies in different sectors
- Information from suppliers: suppliers will always be willing to assist in specification development, as this this one way in which they can seek to influence the design to favour their own products.
Reference: CIPS study guide page 81-85
LO 2, AC 2.1

Comment: *

Name: *

Email: *

Verification: *

insert code

Question 19

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

Correct Answer: C

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

Comment: *

Name: *

Email: *

Verification: *

insert code

Question 20

A procurement manager is setting KPIs measurement for user satisfaction. He also wants to encourage users to share the reason why they feel the way they do. Which of the following types of KPI should the procurement manager apply?

A.Quantitative measure
B.Numerical measure
C.Binary measure
D.Qualitative assessment

Correct Answer: D

There are 3 types of KPI measure:
- Binary KPIs
- Quantitative KPIs (or numerical)
- Qualitative KPIs
User satisfaction is subjective, therefore, using qualitative assessment is the best answer.
Reference:
LO 2, AC 2.2

Comment: *

Name: *

Email: *

Verification: *

insert code

«
1
2
3
4
5
6
7
8
9
10
…
»
»»

[×]

Download PDF File

Enter your email address to download CIPS.L4M3.v2026-11-13.q126 Dumps

Email:

We are the Largest and the most Updated website for all vendors Certification Exam materials around the world.

Using resources of we provide, we strive using dumps to strengthen the community of High level Certification professionals for free.

DMCA
About
Contact Us
Privacy Policy
Terms & Conditions

©2026 DumpsDB

www.dumpsdb.com materials do not contain actual questions and answers from Cisco's certification exams.

Web Analytics