CIPS L4M3 Commercial Contracting
Interactive CIPS L4M3 practice questions and answers with detailed explanation
What you will learn
Understanding legal issues in contract formation
How to use specifications and KPIs in commercial agreement
Understand main clauses included in contracts
Learn fundamentals of Service level agreements (SLAs)
Why take this course?
If you are a CIPS student, a procurement professional or even a business student interested in knowing more about contracts, this is for you!
When you look at the procurement element of any serious organization, a significant element of the procurement and supply function is going to revolve around contracting process
The challenge is testing your skills which is what you are going to do here.
By undertaking the practice test presented here you will be in a position to answer most of the questions relating to commercial contracting.
Rember if contracts are to be successful;
They must be clearly defined
Be in line with legal requirements
Contain key clauses and terms
WHAT WILL YOU GAIN?
In order to make it easy for you to follow along I have divided this practice exercises into various modules or sections which can be summed up into three broad parts:
Understand the legal issues that relate to the formation of contracts
Understand the fundamentals of specifications and key performance indicators that are included in contractual arrangements made with suppliers
Understand the key clauses that are included in formal contracts
All designed to make you the best at commercial contracting.
SO, LETS GET STARTED!
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