CIPS Exam L4M4 Topic 2 Question 27 Discussion

Actual exam question for CIPS's L4M4 exam

Question #: 27
Topic #: 2

[All L4M4 Questions]

Under what circumstances can a buyer reduce timescales for a tender in the Public Sector?

Aif tenders are received by electronic submission exclusively

Bif the competition is restricted

Cif there are fewer than 5 bidders

Dwhen the tender is of low value

Show Suggested Answer

Suggested Answer: C

The correct answer is 'no- quoting in the supplier's currency increases the risk for the buyer'. This questions comes up in a variety of formats in the exam. Remember; if the price is in your own currency (most examples in the exam are given in ) there is less risk than if the prices are quoted in a foreign currency. This is because exchange rates fluctuate; if the price is in you always know what you're paying, if it's in another currency the price can change daily depending on if the exchange rate compared to has gone up or down.

by Zona at Dec 11, 2024, 06:49 AM

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20 days ago

I think a buyer can reduce timescales if tenders are received by electronic submission exclusively.

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