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CIPS Exam L4M3 Topic 9 Question 45 Discussion

Actual exam question for CIPS's L4M3 exam
Question #: 45
Topic #: 9
[All L4M3 Questions]

Which of the following are true statements about RFQ process? Select TWO that apply.

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Suggested Answer: A, D

Request for quotations is often used when the only variable is price and the purchase value is under a financial threshold. This process is less formal than ITT. RFQ should be used in the following circumstances:

- Low-value, low-risk purchases

- When the specifications are sufficiently defined or the product/service is standardised

- Where the suppliers are pre-qualified

- Where there is a framework agreement which specifies the contract terms and conditions.


LO 1, AC 1.1

by Jaime at Sep 14, 2024, 07:51 PM

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Ronald
1 months ago
RFQ, huh? Sounds like a fancy way of saying 'Beg for the cheapest deal'! But I digress, I think B and D are the winners.
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Chuck
1 months ago
Haha, RFQ? More like 'Request for Quotation Headache'! But seriously, I'd say B and D are the best answers here.
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Yolande
1 months ago
I agree with Dorothy, A and D make sense because RFQ is all about price and pre-qualified suppliers.
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Katina
2 months ago
I disagree, I believe B and E are the correct options.
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Maile
2 months ago
A and D are definitely true. You want to pre-qualify suppliers, and price is the key consideration in an RFQ. The other options seem a bit iffy to me.
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Helene
1 months ago
The other options do seem less relevant compared to A and D.
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Genevive
1 months ago
Price being the main variable in RFQs simplifies the decision-making process.
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Jillian
1 months ago
Sending RFQ to pre-qualified suppliers makes sense to ensure quality.
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Shelba
1 months ago
I agree, A and D are the correct statements about the RFQ process.
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Dorothy
2 months ago
I think A and D are true statements about RFQ process.
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Shakira
2 months ago
I think B and D are true. RFQs do require technical proposals, and price is usually the main factor. But I'm not sure about the administrative burden compared to tendering.
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Gianna
1 months ago
I think A and D are true. Suppliers should be pre-qualified and price is a major consideration.
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Gianna
2 months ago
I agree, B and D are correct. Technical proposals are needed and price is a key factor.
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