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CIPS L3M3 Exam Overview:
| Certification Vendor: | CIPS (Chartered Institute of Procurement & Supply) |
|---|---|
| Exam Name: | Contract Administration |
| Exam Number: | L3M3 |
| Exam Duration: | 120 minutes |
| Real Exam Qty: | 60 |
| Available Languages: | English |
| Related Certifications: | CIPS Level 3 Advanced Certificate in Procurement and Supply |
| Exam Format: | Multiple Choice Questions (MCQ), Computer-Based Exam |
| Recommended Training: | CIPS Learning and Study Resources |
| Exam Registration: | CIPS Official Exams and Registration |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Computer-based exam (online or approved test center) |
| Pre Condition: | No formal prerequisite, but CIPS Level 2 (Certificate in Procurement and Supply Operations) is recommended |
| Official Syllabus URL: | https://www.cips.org |
CIPS L3M3 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Risk and Dispute Management | - Contract risks
|
| Topic 2: Contract Performance and Administration | - Monitoring contract performance
|
| Topic 3: Contract Formation and Legal Principles | - Contract types and structures
|
| Topic 4: Contract Closure and Termination | - Termination conditions
|
L3M3 Exam Preparation FAQ
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The L3M3 exam contains 60 questions within 120 minutes minutes. Rehearsing under the same time limit on the ActualVCE engine builds the pacing habits you will need.
- Contract Closure and Termination ()
- Contract Performance and Administration ()
- Contract Formation and Legal Principles ()
Allocate your study hours in proportion to each topic's weight.
The package includes 92 practice questions for the L3M3 exam, all with verified answers and available in three formats.
No formal prerequisite, but CIPS Level 2 (Certificate in Procurement and Supply Operations) is recommended
CIPS Learning and Study Resources: Visit official page
CIPS Official Exams and Registration: register for L3M3
CIPS Contract Administration Sample Questions:
A common term for the win-lose style of negotiations is:
- A. Distributive
- B. Destructive
- C. Diminutive
- D. Illustrative
Correct Answer: A 🗳️
Explanation: Only visible for ActualVCE members. You can sign-up / login (it's free).
Which of the following would not normally be included in a whole life cost calculation?
- A. Cost of setting up the tender
- B. Inventory costs
- C. Purchase price
- D. Defective work, which needs to be rectified.
Correct Answer: A 🗳️
Explanation: Only visible for ActualVCE members. You can sign-up / login (it's free).
Contribution is equivalent to:
- A. Selling price
- B. Selling price minus variable costs
- C. Selling price minus fixed costs
- D. Selling price minus total costs
Correct Answer: B 🗳️
Explanation: Only visible for ActualVCE members. You can sign-up / login (it's free).
In the written presentation of a business case, a brief explanation of everything in the case, includ-ing the ultimate recommendation, aimed at people (eg senior managers) who have little time to plough through the details.
- A. Introduction
- B. Background
- C. Executive summary
- D. Cost-benefit analysis
Correct Answer: C 🗳️
Explanation: Only visible for ActualVCE members. You can sign-up / login (it's free).
'PTN' stands for:
- A. Pre-tender negotiation
- B. Post-tender negotiation
- C. Procurement tender notice
- D. Procurement technical network
Correct Answer: B 🗳️
Explanation: Only visible for ActualVCE members. You can sign-up / login (it's free).
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