Free Practice CIPS L4M3 Exam Questions 2025

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

Which of the following are likely to be advantages of using invitation to tender? Select TWO that apply:

A procurement manager is preparing a long-term contract with a major supplier. She decides to use the variable pricing arrangement using price indices. The payment terms describe the circumstances and mechanism where the price is allowed to change. In order to successfully manage this type of contract, the buying organisation should have...?

Transit New Zealand, a public railway authority in New Zealand, opens an ITT for a contract to realign the railroads at Vinegar Hill. The agency has a statutory obligation to employ a fair and transparent tendering process. Which of the following is one of the actions that the agency must perform to ensure their compliance with the law?

Which of the following are true statements about RFQ process? Select TWO that apply.