CompTIA
Checkpoint
ISC
HP
Dell
EC-Council
EXIN
Fortinet
ITIL®
Juniper
PMI
Microsoft
VMware
Avaya
Google
Salesforce
Amazon
Palo Alto Networks
Certiport
ISC2
All Vendors
  2. Home
  3. Exams
  4. CIPS
  5. L4M3

Free L4M3 Exam Braindumps (page: 1)

Page 1 of 48
PDF with 189 Questions

Which of the following is the model form of contract for construction which is recommended by World Bank?

  1. ITC
  2. JCT
  3. CIPS
  4. FIDIC

Answer(s): D

Explanation:

FIDIC is the International Federation of Consulting Engineers (or Fédération Internationale des Ingénieurs Conseils in French). FIDIC has produced many publications, including the model form contracts, best practice guidances, research on sustainability, integrity and risk management. FIDIC model form contracts have been developed by this organisation since 1999, now they consist of several different books which are marked by colours. Thus, FIDIC model contracts also have the nickname "Rainbow suite of contracts". Basically, the "Rainbow Suite" include the following books:
* Yellow book: Plant and Design-Build Contract (2 editions: 1999 and 2017)
* Silver book: EPC/Turnkey Contract (2 editions: 1999 and 2017)
* Red book: Construction Contracts (2 editions: 1999 and 2017)
* Emerald book: Conditions of Contract for Underground Works (1st Ed 2019)
* Blue-Green book: Dredgers Contract (2 editions: 2006 and 2016)
* Gold book: Design, Build and Operate Contract Guide
* Pink book: Construction Contract Multilateral Development Bank Harmonised Ed (2 editions: 2005 and 2010)

This type of model contract is commonly used around the world because its author, International Federation of Consulting Engineers, collaborates closely with development banks such as World Bank, Africa Development Bank, Asia Development Bank, etc. Every construction project that is financed by these institutions must adopt the FIDIC contracts. The Joint Contracts Tribunal, also known as the JCT, produces standard forms of contract for construction, guidance notes and other standard documentation for use in the construction industry in the United Kingdom. From its establishment in 1931, JCT has expanded the number of contributing organisations.

ITC (International Trade Centre) produces contracts specifically designed for small companies doing international business, covering the sale of goods, distribution, services and joint ventures. Many small companies are now engaged in international trade, but don't have access to the necessary contract forms to protect themselves. ITC and leading legal experts developed eight generic contract templates that incorporate internationally recognized standards and laws for most small business situations.
CIPS has several model forms of contract designed specifically for IT buying and servicing.


Reference:

CIPS study guide page 142 LO 3, AC 3.1



Which of the following are likely to feature within an outcome-specification?
1. Dimension
2. Performance requirement
3. Input material
4. Product function

  1. 2 and 4 only
  2. 3 and 4 only
  3. 1 and 2 only
  4. 1 and 3 only

Answer(s): A

Explanation:

There are two main types of specification: performance specification and conformance specification (sometimes called prescriptive or technical specifications).
Performance specifications have following features:
- Focus on outputs
- Set out result to be achieved
- The 'what', not the 'how'
- Give supplier flexibility to present solutions that the buyer may not have considered


Reference:

CIPS study guide page 8-10 LO 1, AC 1.1



XYZ Ltd is negotiating a long-term supply contract of important parts with a supplier. Dave, procurement manager teams up with Alla, legal manager to construct a service level agreement. Dave is concerned that poor performance of supplier may cause damages to the operations of the organisation.
Which of the following can be used in conjunction with SLA to compensate the buying organisation in case of supplier's poor performance?
1. Warranties
2. Force majeure clauses
3. Penalty clauses
4. Service credits

  1. 1 and 3 only
  2. 3 and 4 only
  3. 1 and 2 only
  4. 4 and 2 only

Answer(s): C

Explanation:

Service level agreement often sets out the minimum quality standards of the services provided, remedies if that standards are not met, consequences if the targets are exceeded. Penalty clauses and service credits are remedies that are often used in conjunction with service level agreement to ensure the performance and to compensate the purchaser if targets are not met.


Reference:

CIPS study guide page 110 LO 2, AC 2.2



In which of the following section of a specification, requirements for training to use the equipment will be set out?

  1. Performance
  2. Consultation requirements
  3. Implementation
  4. Issue reference

Answer(s): C

Explanation:

Implementation is a substantive requirement which covers the following areas:
- Will there be a need to train the staff to use the equipment?
- Are there integration requirements with other systems or processes?
- How will this work?
- What are the timescales?
- Are detailed method statements required?
Consultation requirements regards to explicitness of compliance with any national or local legal requirements


Reference:

CIPS study guide page 90-92 LO 2, AC 2.1



Page 1 of 48



Post your Comments and Discuss CIPS L4M3 exam with other Community members:

Tina commented on September 20, 2024
I need to emphasis that this exam is extremely HARD! So prepare well or else you will fail. I got lucky and passed mine. But I used these dumps and some other sources.
Singapore
upvote

Evangelista commented on June 30, 2024
the questions assist me to read and understand the material
UNITED KINGDOM
upvote

Leungoinalame Gobuiwang commented on May 01, 2024
That was good questions to explore on
BOTSWANA
upvote

Leungoinalame Gobuiwang commented on May 01, 2024
It bid challenging but I think I can manage
BOTSWANA
upvote

Leungoinalame Gobuiwang commented on May 01, 2024
I think the L4M3 it needs a person to read to understand
BOTSWANA
upvote

Rudasingwa Innocent commented on March 13, 2024
This prepares good managers for procurement
Anonymous
upvote

Rudasingwa Innocent commented on March 13, 2024
This is good since it prepares the future managers for procurement.
Anonymous
upvote