CIPS L4M3 Dumps Questions Answers

A call-off order is raised against an existing agreement or blanket order that sets an overall value limit (£5,000 in this case). Users can “call off” small quantities or values (£50 each time) when required.

Industry model form contracts (e.g. NEC, JCT, FIDIC):

Reduce the cost of contract development (2) – less drafting from scratch.

Are often developed by industry bodies and so are intended to be balanced and fair (3).

They do not remove the need for the buyer to understand them (4 – definitely not an advantage), and while some negotiation is possible, they don’t necessarily provide “greater flexibility” (1) than a bespoke contract; they standardise rather than expand flexibility.

The organisation should have an overarching strategies or policies which sets out the social and environmental objectives to be pursued via procurement and the supply chain generally. Some of these will be about the specification, but that must be tied in other aspects of the sourcing strategy. These objectives, policies and strategies can be found in corporate social responsibility policy.