CIPS L3M3 Dumps (V9.02) – Start Your Preparation for Learning the Contract Administration (L3M3) Exam with Valid Materials

1. What gets measured, gets …’?

2. Revenue-earning possibilities which are foregone as a result of implementing a plan; the cost of not doing something else.

3. Contracts published by third party experts such as trade associations or professional bodies, widely regarded as favouring neither buyer nor seller, are called:

4. Win-win negotiations can be described as expanding the:

5. Johnson, Scholes and Whittington suggested three key criteria for options which can be used in the evaluation of a business case.

Which word was not one of these three key criteria?

6. Key players have a:

7. Under a XXXX contract, the buyer does commit to purchase a given quantity over a given period of time, but the precise number of orders and their quantities is unknown at the start of the period.

What expression has been replaced by XXXX?

8. A ‘cause and effect’ or ‘fishbone’ diagram is also commonly known as:

9. ‘A purchasing procedure whereby potential suppliers are invited to make a firm and unequivocal offer of the price and terms on which they will supply specified goods or services which, on ac-ceptance, shall be the basis of the subsequent contract’

10. What is a contract?

11. Transfer of the rights and obligations of a contract onto a third party, is called:

12. Which of the following are internal factors in supplier decision-making? Choose two.

13. Which of the following would not normally be part of data required by the buying organisation’s contract manager?

14. A justification of an action (expenditure) that is to be taken by an organisation.

15. Looking specifically at how a quoted price compares to the cost of production is called:

16. If your organisation takes out insurance cover to address various risks, which one of the following risk management strategies is it adopting?

17. How many 'Whys'?

18. Which one of the following is not an ‘E’ from STEEPLE?

19. Which one of the following could not be classed as a form of performance specification?

20. In which quadrant of a SWOT analysis would ‘well-developed management skills, unique intellectual property rights and sound financial backing’ appear?

21. Goods or services which must be used together are called:

22. ‘Profit is not a cost’. True or false?

23. Which of the following would be unethical? Choose two.

24. In the written presentation of a business case, a brief explanation of everything in the case, including the ultimate recommendation, aimed at people (eg senior managers) who have little time to plough through the details.

25. Which STEEPLE factor deals with issues of waste management, pollution and recycling?

26. Periodic progress reports may be required by a contract manager. Part of this could include reporting actual progress against planned progress. In many cases, achievement of planned stages would result in (part-) payment(s) being released to the contractor.

Which one of the following terms might be the most appropriate title for a plan underpinning this approach, to ensure value for money, and payment linked to actual progress?

27. In legal parlance, in discussing / negotiating contract terms, something which is 'less than an offer', might be:

28. Conducting individual and group-based (focus groups) in-depth interviews.

Is this quantitative or qualitative data gathering?

29. In legal circles, ownership of something is often called:

30. Tolerate, transfer, terminate or …?

31. Which of the following statements is untrue? Select two.

32. Contribution is equivalent to:

33. A contract clause indicating damages to be recovered in the event of under-performance, with the proposed damages being a genuine pre-estimate of loss, is called a:

34. Win-win style negotiations are said to be:

35. Which one of the following is least likely to be a barrier to free trade?