CIPS L3M3 practice materials Questions Answers

Exam Code:
L3M3
Exam Name:
Contract Administration Exam
Last Update:
Jun 01,2026

90 Questions Answers Verified by Experts!


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CIPS L3M3 Questions for Level 3 Advanced Certificate in Procurement and Supply Operations Certification Exam 2026

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Page: 1 / 18
Total Questions: 90

Questions & Answers PDF

• Question 1

  

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

  • Standardisation
  • Specification creep
  • Procurement conditioning
  • Alternative bid

  Reveal Answer Answer: B Next Question

• Question 2

  

  The letters ‘ESE’ stand for:

  • Early supply estimate
  • External storage environment
  • External supplier expertise
  • Early supplier engagement

  Reveal Answer Answer: D Next Question

• Question 3

  

  What do we call a contract term which is part of the contract, but which is not written into the con- tract documents?

  • Implied
  • Express
  • Hidden
  • Vague

  Reveal Answer Answer: A Next Question

• Question 4

  

  The official power to make legal decisions and judgments in a given location, for example

  • Jurassic
  • de jure
  • Jurisprudence
  • Jurisdiction

  Reveal Answer Answer: D Next Question

• Question 5

  

  Imagine you discuss profit on an item for sale in your business as a percentage of the selling price. Assume the profit element represents 50% of the selling price. Is mark-up or margin being described here?

  • Mark-up
  • Margin

  Reveal Answer Answer: B Next Question

• Question 6

  

  Contribution is equivalent to:

  • Selling price minus total costs
  • Selling price
  • Selling price minus fixed costs
  • Selling price minus variable costs

  Reveal Answer Answer: D Next Question

• Question 7

  

  After a framework arrangement is in place, a further XXXX competition can be held. Which word replaces XXXX?

  • Mini
  • Maxi
  • Micra
  • Micro

  Reveal Answer Answer: A Next Question

• Question 8

  

  Which STEEPLE factor deals with issues of foreign exchange rates, inflation, consumer spending, labour costs and unemployment levels?

  • Economic
  • Political
  • Socio-cultural
  • Environmental

  Reveal Answer Answer: A Next Question

• Question 9

  

  ‘Profit is not a cost’. True or false?

  • True
  • False

  Reveal Answer Answer: C Next Question

• Question 10

  

  What is a contract?

  • An agreement between two or more parties which is intended to be enforceable by any means
  • feasible.
  • An agreement between two or more parties which is enforceable in law.
  • An agreement between two or more parties which is intended to be honoured.
  • An agreement between two or more parties which, all other things being equal, is in-tended to be enforceable by law.

  Reveal Answer Answer: B Next Question

Page: 1 / 18
Total Questions: 90

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