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L5M3 practice test questions answers

CIPS L5M3 Exam Dumps - Actual Questions Answers

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  • Last Update: Nov 24, 2022
  • Number of Questions: 120 questions
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L5M3 Questions and Answers

Question # 1

Which of the following statements about adjudication is true?

A.

adjudicators are appointed at random and therefore may not have specific knowledge of the subject matter

B.

the decision making process can be lengthy and expensive

C.

parties are expected to present their cases in person in front of the adjudicator

D.

the decision made by the adjudicator is binding and usually communicated within 28 days

Question # 2

Robert has a contract with Farmer Ted who provides his manufacturing firm with potatoes. There is a contract in place, signed by both parties that Ted will deliver 2 tonnes of potatoes per week. Due to changes in demand, Robert would like Ted to start providing 3 tonnes of potatoes every three weeks. What must be in place for this change to occur?

A.

a variation clause and a new liquidated damage fee

B.

a variation clause and a signed agreement by both parties

C.

a notification of change and adequate compensation

D.

a notification of change and indemnity

Question # 3

Which of the following will you put into box 2?

A.

Payment Term

B.

Time is of the Essence

C.

Subcontracting

D.

Specification

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