CIMA Exam CIMAPRA19-P03-1 Topic 6 Question 62 Discussion

Actual exam question for CIMA's CIMAPRA19-P03-1 exam

Question #: 62
Topic #: 6

W is a construction company which undertakes large projects for governments and other clients worldwide. Following extensive tendering processes, contracts are issued for successful tenders,and projects typically take three to five years to complete. Contracts are normally fixed-price and many have considerable penalty clauses.

Which of the following would beappropriate policies and controls for W to implement?

AUnsuccessful tenders should be analysedto establish the cause of them failing to be awarded the work and help to avoid future failures.

BEnsuring a consistent separation of duties between those involved in the preparation of tenders and those involved in the planning of projects.

CEnsuring that the minimum legal wage is paid to all workers on the construction sites.

DIn order to ensure the maximum chance of winning the contract,tendersalways commit W to completing the work at the lowest possible price and in the shortest possible time.

EContract terms should be worded precisely so that additional work is not deemed to form part of the contract.

FThe project steering committee and project board should receive regular project status reports.

Show Suggested Answer

Suggested Answer: B, C, E

by Olga at Dec 09, 2024, 04:20 PM

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Avery

I agree with you, Vernice. It's crucial to learn from past mistakes.

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Daron

Analyzing unsuccessful tenders is a great idea to improve future bids. I like how option A focuses on understanding the reasons behind the failures.

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Vernice

6 days ago

I think option A is important to analyze why tenders fail.

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