Free CIPS L4M3 Exam Questions
Absolute Free L4M3 Exam Practice for Comprehensive Preparation
-
CIPS L4M3 Exam Questions
-
Provided By: CIPS
- Exam: Commercial Contracting
- Certification: CIPS Certification
-
Total Questions: 289
-
Updated On: Nov 25, 2025
-
Rated: 4.9 |
-
Online Users: 578
-
Question 1
-
Which of the following statement is true about verbal contract?
Answer: D
-
Which of the following statement is true about verbal contract?
-
Question 2
-
A construction company often subcontracts approximately 50% of the project works because ofunpredictable customer's demand. Although larger corporate customers require quick response to RFQ, thetime lapse between tender bid submission and contract commencement is usually long. Which of thefollowing arrangement would benefit both the contractor and customer?
Answer: D
-
A construction company often subcontracts approximately 50% of the project works because ofunpredictable customer's demand. Although larger corporate customers require quick response to RFQ, thetime lapse between tender bid submission and contract commencement is usually long. Which of thefollowing arrangement would benefit both the contractor and customer?
-
Question 3
-
Under Unfair Contract Terms Act 1977, exclusion of liability is restricted for which of the following? Select
TWO that apply.
Answer: A,D
-
Under Unfair Contract Terms Act 1977, exclusion of liability is restricted for which of the following? Select
TWO that apply.
-
Question 4
-
A buyer is in the process of supporting colleagues internally in the drafting of a specification for a new
product. They have limited personal knowledge of the product and of the market. They are at the very early
stages of drafting the specification and are seeking to increase their knowledge, whilst at the same time,
keeping their likely future needs a commercial secret at this stage. Which of the following would be the best
method of achieving this?
Answer: B
-
A buyer is in the process of supporting colleagues internally in the drafting of a specification for a new
product. They have limited personal knowledge of the product and of the market. They are at the very early
stages of drafting the specification and are seeking to increase their knowledge, whilst at the same time,
keeping their likely future needs a commercial secret at this stage. Which of the following would be the best
method of achieving this?
-
Question 5
-
A construction company often subcontracts approximately 50% of the project works because ofunpredictable customer's demand. Although larger corporate customers require quick response to RFQ, thetime lapse between tender bid submission and contract commencement is usually long. Which of thefollowing arrangement would benefit both the contractor and customer?
Answer: D
-
A construction company often subcontracts approximately 50% of the project works because ofunpredictable customer's demand. Although larger corporate customers require quick response to RFQ, thetime lapse between tender bid submission and contract commencement is usually long. Which of thefollowing arrangement would benefit both the contractor and customer?