These are some common learning areas that CIPS often asks in the exam. However we can not assure that they will not ask other areas of knowledge.

• The use of ITT and RFQ
• Roles of contract schedules/ Some common contract schedules
• Differences between invitation to treat and offer
• Offer and acceptance
• Battle of the forms
• Written and verbal contract
• Vienna Convention on the International Sales of Goods
• Misrepresentation: Formation and Consequences
• Framework agreement
• Hire, Lease and Hire Purchase
• Specification: the use of conformance and performance specification
• KPIs and SLAs: the use of common indicators
• Express and Implied terms: when are express terms ineffective?
• The use of model forms of contract
• Indemnity, liquidated damages, penalty, insurance clause
• Fixed price, variable price, cost plus arrangement

Prepare for your exam with our practice tests. They are on BIG SALE with just a half of normal price

L4M1: Scope and Influence of Procurement and Supply

L4M2: Defining Business Needs

L4M3: Commercial Contracting

L4M4: Ethical and Responsible Sourcing

L4M5: Commercial Negotiation

L4M6: Supplier Relationship

L4M7: Whole Life Assets Management

L4M8: Procurement and Supply in Practice