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L4M3 Exam Dumps - Commercial Contracting

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Question # 9

Which of the following sections would typically be included in a specification for services? Select THREE that apply.

A.

A description of the service requirements

B.

The tender evaluation methodology

C.

The fault rectification timeframes

D.

The service start and end dates

E.

The terms and conditions of the contract

F.

Questions relating to methods

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Question # 10

Which of the following regulates barriers to the provision of services between countries?

A.

CISG

B.

GATS

C.

ADA

D.

Incoterms

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Question # 11

A purchase order can become a contract between supplier and purchaser if it is...?

A.

Received by the supplier

B.

Accepted by the supplier

C.

Issued by the buyer

D.

Edited by the supplier

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Question # 12

Which of the following are always considered as minimum preconditions for a contract? Select TWO that apply:

A.

Specification

B.

Promise

C.

Omission

D.

Consideration

E.

Intention to be bound

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Question # 13

The contracts manager at a newly established private transport agency, Travel Response Services (TRS), has been asked to draft a set of standard terms and conditions that will protect customers’ personal information when it is passed to sub-contracted suppliers by TRS. Which standard clause would be best suited for this?

A.

An intellectual property rights clause

B.

An invoicing and payment clause

C.

A corporate social responsibility clause

D.

A confidentiality and use of data clause

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Question # 14

In a contract, express terms and implied terms may contradict on the same issues. Under which of the following circumstances, implied terms will override express terms?

A.

Implied terms are created by trade customs

B.

Contracting parties are silent on a matter that was not included in express terms

C.

No circumstances. Express terms always take precedence over implied terms

D.

Implied terms are created by law which prevents them to be overridden

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Question # 15

Royal Naval Hospital at Rockstown, Anyport manages a fleet of nine ambulance vehicles. During busy periods, it becomes very difficult to keep track of the location of each ambulance (and the nature of their journey). Continual problems lead to the proposal for a new control system (ERNS).

For this ERNS project, the procurement department has drafted a specification in which only a bullet point list of basic requirements was written down. The procurement manager understands that the specification should be developed more specifically but a cross functional team from the Hospital could not do that. A senior buyer suggests that some of Hospital's pre-qualified suppliers could support them in developing the specification.

Which of the following should be a priority approach of procurement department in developing dialogue with those suppliers about specification development?

A.

Internal discussion

B.

General networking

C.

One-to-one meeting with the suppliers

D.

Request for quotation from the suppliers

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Question # 16

Key performance indicators (KPIs) are used to measure supplier performance. Which of the following are KPIs that may be used? Select THREE that apply.

A.

Employee attendance

B.

Cost management

C.

Contract standardisation

D.

Quality conformance

E.

Timeliness of delivery

F.

Style of negotiation

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