Online Access Free L4M3 Exam Questions

Which of the following is the contract provision that relieves the parties from performing their contractual obligations when certain circumstances like natural disasters, terrorist attacks, etc arise?

• A.Indemnity clause
• B.Exclusion clause
• C.Liquidated damage clause
• D.Insurance clause

While it is recognised that longer-term contracts have the potential to drive significant benefits for the organisation, a number of situations are more suited to making one-off purchases. Which of the below situations is likely to be more suited to a one-off purchase?

• A.The ordering of equipment for a special project
• B.The purchase of compatible IT infrastructure equipment
• C.The purchase of internal and external audit services
• D.A requirement for the maintenance of buildings

Northern Province Authority (NPA) seeks to use market dialogue to improve the contract specification for a new procurement tender of a domestic waste collection contract. Which of the following topics would be appropriate for dialogue with potential suppliers?

• A.Service innovation
• B.Pricing proposals
• C.Contract terms
• D.Human resourcing

A buyer is procuring innovative new IT systems and has issued a performance specification as part of the invitation to tender. Is this a suitable approach?

• A.No, because the Procurement Team should only include outputs in specifications
• B.Yes, because it allows the bidder to present solutions and further inform the requirement
• C.No, because the bidder may use it to inflate costs
• D.Yes, because it will improve relationships and collaboration between both parties

Why would you use a non-disclosure agreement?

• A.To give parties permission to share all information in the public domain
• B.To agree between parties what information is and is not confidential and what can be in the public domain
• C.To protect parties, where information has been shared that is not in the public domain
• D.To allow parties the freedom to disclose confidential information to the public domain