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L3M3 Exam Dumps : Contract Administration

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Contract Administration Questions and Answers

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Question 1

‘A purchasing procedure whereby potential suppliers are invited to make a firm and unequivocal offer of the price and terms on which they will supply specified goods or services which, on ac-ceptance, shall be the basis of the subsequent contract’

Options:

A.

Competitive dialogue

B.

Request for information

C.

Invitation to tender

D.

Expression of interest

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Question 2

When negotiating, it is highly desirable to have both a:

Options:

A.

ZOPA and a TABNA

B.

BATNA and a ZOPA

C.

DOPA and a BANTA

D.

BATNA and a FOPA

Question 3

Contracts published by third party experts such as trade associations or professional bodies, widely regarded as favouring neither buyer nor seller, are called:

Options:

A.

Uni form

B.

Model form

C.

Paper form

D.

Trans form

E.

Good form

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