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L4M3 Quick Exam-Ready Summary:
- Core Module
- Objective / Response Exam
- 1.5 hours Exam duration
- 60 Questions in exam
- 6 Credits Score
Legal Foundations
Contract formation rules, document types, negotiation vs offer, CISG, risks.
Specifications & KPIs
Drafting specs, including standards and ESG elements; structuring spec sections; defining meaningful KPIs.
Contract Clauses
Understanding different contract forms; essential terms covering liabilities, ethics, and pricing models.
CIPS L4M3 Exam Focus Areas – 2025 (Master List)
“These are core learning areas, but CIPS may include questions from other parts of the syllabus.” ⚠️
1. Legal Issues in the Formation of Contracts
- Contract documents: Invitation to tender (ITT) or request for quotation (RFQ); specifications; key performance indicators (KPIs); contractual terms; pricing schedules (e.g., health & safety records, supplier staff details, NDA clauses)
- Key legal concepts: Offer and acceptance; consideration; intention to create legal relations; capacity to contract; invitations to treat vs negotiation invites; the “battle of the forms”; contract precedence
- International law: The Vienna Convention on Contracts for the International Sale of Goods (CISG)
Risks: Reliance on supplier or oral terms; misrepresentation; enforcing unfair supplier terms
2. Specifications & Key Performance Indicators (KPIs) in Contractual Agreements
- Specifications: Drafting clear specifications; engaging in market dialogue with suppliers; using standards; social & environmental criteria; information assurance/security in specs
- Specification structure: Typical sections—scope, description, performance, testing & acceptance, change control, social/environmental clauses, remedies
- KPIs: Defining performance measures captured in contracts through Service Level Agreements (SLAs); common KPIs for quality, timeliness, cost control, resource use, delivery
3. Key Clauses in Formal Contracts
- Contract types: One-off purchase agreements, framework agreements, mini-competition provisions, call-off contracts, service contracts, asset hire/lease agreements
- Typical clause examples: Indemnity and liability provisions, sub-contracting permissions, insurance obligations, guarantees, liquidated damages
- Labour and ethics terms: Incorporating clauses on labour standards and ethical sourcing explicitly into contracts Scribd
- Pricing arrangements: Pricing schedules; fixed price, cost-plus, cost-reimbursable models; indexation or price adjustment formulas; incentive-based contracts; payment terms CIPS Official
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