L4M3 Focus Areas

L4M3 Focus Areas

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

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