L4M3 Commercial Contracting is a module of the CIPS Diploma in Procurement and Supply, on completion of the module learners will be able to describe the key elements and legal aspects of formal commercial contracts and analyse and interpret the fundamentals of specifications and key performance indicators that are included in contractual arrangements made with suppliers. The module covers:

1. Legal issues in relation to commercial contracts

2. Specifications and key performance indicators

3. Key clauses that are included in formal contracts

CIPS Diploma L4M3 Commercial Contracting: Practice Questions are created by Craig Nicolson, a Senior Tutor from a CIPS approved study centre (everywheresupplychain .com). Craig has been teaching CIPS to procurement professionals for more than eight years. He currently works in industry alongside teaching CIPS with everywheresupplychain .com.

L4M3 is an OR (objective response exam) so is multiple choice. Included with this short course are 52 multiple choice practice questions covering each learning outcome of the module, all questions are provided with an explanation of the correct answer. Each question is referenced back to the syllabus referencing the relevant learning outcome. Question are essentially mock-exam questions. This course should take you 1.5hours to complete if you intend to conduct under exam conditions.

Good luck with your exam, we hope you find these questions a useful revision aid. I welcome any questions or clarification you would like via the messaging feature of Udemy.

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