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: May 24, 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
    • Which of the following is not a form of ADR (Alternative Dispute Resolution)?


      Answer: B
  • Question 3
    • 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 4
    • Which of the following would be included in a contract to assign costs and responsibilities between buyer and seller when products are delivered?


      Answer: D
  • Question 5
    • Franky B's is a popular restaurant chain which is seeking a resolution to a conflict it has with its supplier of Fried Chicken. It is looking for a dispute resolution that does not involve the court but in which an expert third party will make a binding decision. Which is the most suitable dispute resolution method for Franky B's?


      Answer: B
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