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CIPS Level 5 Advanced Diploma in Procurement and Supply L5M3 Exam Dumps

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Question 12

Which of the following statements about adjudication is true?

Options:

A.

adjudicators are appointed at random and therefore may not have specific knowledge of the subject matter

B.

the decision making process can be lengthy and expensive

C.

parties are expected to present their cases in person in front of the adjudicator

D.

the decision made by the adjudicator is binding and usually communicated within 28 days

Question 13

A failure to perform a provision of a contract which does not affect the end performance of the contract is known as what?

Options:

A.

small breach

B.

minor breach

C.

major breach

D.

warranty breach

Question 14

Which of the following is not a form of ADR (Alternative Dispute Resolution)?

Options:

A.

mediation

B.

negotiation

C.

arbitration

D.

conciliation

Question 15

Lollypop Manufacturer has a long standing contract with Retailer A. They are three years into a five year contract and have been providing lollypops at 10p each since the beginning of the contract. Due to changes in the supply chain Lollypop Manufacturer would like a price increase. Can this be done?

Options:

A.

no- the contract is ongoing for another 2 years

B.

no- this would be unfair on the buyer

C.

yes- if there is a variation clause and both parties agree

D.

yes- prices always go up in contracts

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CIPS Level 5 Advanced Diploma in Procurement and Supply L5M3 Exam Questions and Answers PDF, CIPS Level 5 Advanced Diploma in Procurement and Supply L5M3 Exam Dumps, PDF L5M3 Study Guide,
Exam Code: L5M3
Exam Name: Managing Contractual Risk
Last Update: Apr 19, 2024
Questions: 120
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