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L5M3 - Managing Contractual Risk

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CIPS Level 5 Advanced Diploma in Procurement and Supply Exam VCE L5M3 Dumps

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L5M3 Questions and Answers

Question # 1

Which of these is NOT a stage in negotiation?









Question # 2

When drafting a liability clause in a contract, which of the following statements are TRUE? Select THREE


exclusions should be narrowly defined and clearly state which types of liabilities are excluded


the goal of the liability clause is to punish the contractor for poor performance


liability is a legal responsibility


liability can only be limited where there is valid insurance


liability cannot be excluded for injury resulting from negligence

Question # 3

Which of the following will you put into box 2?


anticipatory breach


fundamental breach


payment terms



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