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Free CIPS L6M5 Exam Braindumps (page: 3)

Page 3 of 22
PDF with 83 Questions

Which of the following is NOT a benefit or function of a professional body? Professional bodies are established organizations that promote industry standards, ethical conduct, and professional development.
Answer Options:

  1. Governance and ethical standards
  2. Ensuring prices remain low
  3. Raising productivity
  4. Creating international networks

Answer(s): B

Explanation:

Professional bodies do NOT control pricing in the industry, as this would be market interference. Governance, productivity improvements, and networking are valid functions. [P.31]



Joey is preparing an NEC contract for the construction of a new school.
He includes a lump-sum price of £5 million.
The contractor receives payment upon completion of specific milestones.
Q: In which section of the contract should this be detailed? Answer Options:

  1. Option A
  2. Z Clause
  3. W1 Option
  4. X Clause

Answer(s): A

Explanation:

In NEC contracts, pricing mechanisms are detailed in Options A-F (p.36). W clauses handle dispute resolution, X clauses cover secondary options, and Z clauses are additional conditions. [P.36]



Robyn has created a contract for a construction project and has used "The Red Book."
Q: Which professional organization is responsible for creating this contract? Answer Options:

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

Answer(s): D

Explanation:

The Red Book is part of the FIDIC "Rainbow Suite" of contracts (p.40). FIDIC contracts are categorized by color, each serving a specific purpose in construction and engineering projects. [P.40]



In a fixed lump sum contract, this pricing mechanism does not allow for any changes in price. Is this statement TRUE?
Fixed lump sum contracts are widely used in construction and infrastructure projects.
Answer Options:

  1. Yes ­ the price is fixed before the contract is signed
  2. Yes ­ the contractor assumes all risks should they exceed the budget
  3. No ­ price changes are allowed as it is impossible to predict prices concretely in advance
  4. No ­ price variations are permitted if they are written into the contract

Answer(s): D

Explanation:

Fixed Lump Sum contracts allow limited price changes under specific conditions (p.55), such as client variation requests, force majeure, or inflation adjustments. Firm Fixed Price contracts, however, do not allow any changes. [P.55]






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