CIPS L4 Diploma

L4M3 Commercial Contracting

Comprehensive practice questions, covering each learning outcome of the module, with correct answer explanations. Created by our expert tutors to replicate the style and content of questions you will find in your exam.

Course curriculum

  • 1

    LO|1 Understand the legal issues that relate to the formation of contracts

    • LO|1.1 Analyse the documentation that can comprise a commercial agreement for the supply of goods or services

    • LO|1.2 Analyse the legal issues that relate to the creation of commercial agreements with customers or suppliers

    • LO|1.3 Compare types of contractual agreements made between customers and suppliers
  • 2

    LO|2 Specifications and key performance indicators

    • LO|2.1 Analyse the content of specifications for procurement

    • LO|2.2 Appraise examples of key performance indicators (KPIs) in contractual agreements
  • 3

    LO|3 Key clauses that are included in formal contracts

    • LO|3.1 Analyse contractual terms for contracts that are created with external organisations

    • LO|3.2 Recognise examples of contractual terms typically incorporated into contracts that are created with external organisations

    • LO|3.3 Recognise types of pricing arrangements in commercial agreements