Free CIPS L5M3 Exam Questions

Absolute Free L5M3 Exam Practice for Comprehensive Preparation 

  • CIPS L5M3 Exam Questions
  • Provided By: CIPS
  • Exam: CORE Level 5 Managing Contractual Risk
  • Certification: Level 5 Advanced Diploma in Procurement and Supply
  • Total Questions: 122
  • Updated On: Jan 12, 2026
  • Rated: 4.9 |
  • Online Users: 244
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  • Question 1
    • Harry is negotiating a contract for a new IT system for his business. He is investing heavily in the system and wants the system to be able to provide the services he requires for the next 10 years. However he is aware that technology is changing quickly and would like to include a clause in the contract to ensure that the system he is purchasing is useable for the next 10 years. What should Harry include in the contract?


      Answer: C
  • Question 2
    • Logan Gin Distillery is creating a contract for one of its new suppliers. It is a complicated item that they are ordering and if things go wrong, it would have an extremely negative impact on production, and therefore on revenue. However it is impossible to say what the cost of this would be if things were to go wrong. What type of clause should be included in the contract?


      Answer: B
  • Question 3
    • Which of the following is not a form of ADR (Alternative Dispute Resolution)?


      Answer: B
  • Question 4
    • Which of the following are a suitable course of action to take in the event of a minor breach of a contract? Select TWO


      Answer: B,C
  • Question 5
    • 2021-04-01-09-13-17-26ac4e281adef4bae85e39b38d532e9c
      Which of the following will you put into box 4?


      Answer: C
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