CIPS Exam L4M5 Topic 7 Question 41 Discussion

Actual exam question for CIPS's L4M5 exam

Question #: 41
Topic #: 7

[All L4M5 Questions]

Citywide Developments Ltd (CDL) is a construction programme management company that delivers the design and build of high-value property development schemes. CDL uses third-party consultant design services, using named consultants in the contract. CDL has recently observed increases in the consultancy day rate for these consultants. Which of the following tradeable concessions could CDL offer when negotiating with the suppliers of design services, in order to achieve lower rates of pay, but without lowering the quality of service?

AAccept unqualified trainee consultants

BOffer a shorter consultant working day

CReduce the volume-based rate discounts

DRemove the requirement for the named personnel

Show Suggested Answer

Suggested Answer: C, E

There are many macro economic factors that could influence procurement in general and commercial negotiation in particular. Below are six factors that are agreed to be fairly significant:

* Economy growth rate

* Inflation rates

* Interest rates

* Currency exchange rate

* Unemployment rate

* Protectionism

LO 2, AC 2.2

by Dorothy at Apr 25, 2023, 04:48 AM

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Brock

3 days ago

I think CDL could offer unqualified trainee consultants.

upvoted 0 times

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