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L3M3 VCE Exam Download

Page: 3 / 6
Question 12

A situation where suggestions made, often by a bidder, unnecessarily widen the scope of the requirement.

Options:

A.

Standardisation

B.

Specification creep

C.

Procurement conditioning

D.

Alternative bid

Question 13

Which of the following is unlikely to be regarded as a conformance specification?

Options:

A.

A chemical formula

B.

A statement of outputs

C.

Drawings

D.

A brand name

Question 14

A contract clause indicating damages to be recovered in the event of under-performance, with the proposed damages being a genuine pre-estimate of loss, is called a:

Options:

A.

Punitive damages clause

B.

Liquidated damages clause

C.

Penalty clause

D.

Unliquidated damages clause

Question 15

Where the supplier guarantees to make good any losses suffered by the buyer as a result of product defects, for example

Options:

A.

Insurance

B.

Indebtedness

C.

Indemnity

D.

Double indemnity

Page: 3 / 6
Exam Code: L3M3
Exam Name: Contract Administration
Last Update: Nov 21, 2024
Questions: 90
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