Which of the following is unlikely to be regarded as a conformance specification?
A situation where suggestions made, often by a bidder, unnecessarily widen the scope of the requirement.
Assume you calculate a selling price by adding a profit element onto costs. Assume the profit ele-ment is equivalent to 100% of costs.
Is mark-up or margin being described here?
Which of the following risks, which could severely impact on a business, is least likely to occur, in your judgment?
Which of the following would not normally be included in a whole life cost calculation?
‘The CIPS Code of Conduct states that procurement professionals should not accept any business gifts under any circumstances.’ True or false?
Contracts published by third party experts such as trade associations or professional bodies, widely regarded as favouring neither buyer nor seller, are called:
‘When the supplier delivers the goods as ordered, two further documents are created.
a) The supplier’s XXX XXX, included with the goods
b) The buyer’s YYY YYY YYY’
Choose the correct replacement words.
What do we call the point when the supply firm makes neither a profit nor a loss ie where all costs are covered yet no profit is made?
What do we call a contract term which is part of the contract, but which is not written into the con-tract documents?
TESTED 23 Feb 2025
