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A8 - Preparing and Managing Contracts - Dump Information

Vendor : CIPS
Exam Code : A8
Exam Name : Preparing and Managing Contracts
Questions and Answers : 111 Q & A
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A8 Questions and Answers

Pass4sure A8 Dumps with Real Questions & Practice Test


Answer: Pending. Please Send your suggestions to support@


QUESTION: 103

  1. State TWO dangers of cost reimbursable pricing.

  2. Identify THREE safeguards which may help to protect the buyer against these dangers.


Answer: Pending. Please Send your suggestions to support@


QUESTION: 104

  1. Give THREE implied conditions of the Sale of Goods Act (1979) relating to sale by sample.

  2. Give TWO examples of contracts that would not be subject to the Sale of Goods Act (1979).


Answer: Pending. Please Send your suggestions to support@


QUESTION: 105

Identify FIVE guidelines, laid down by the Unfair Contract Terms Act (1977), that help determine whether a contract clause is 'reasonable'.


Answer: Pending. Please Send your suggestions to support@


QUESTION: 106

  1. Define the term 'fixed pricing'.

  2. State THREE advantages of fixed pricing for the purchaser.


Answer: Pending. Please Send your suggestions to support@


QUESTION: 107

Briefly describe FIVE benefits of effective contract management.


Answer: Pending. Please Send your suggestions to support@


QUESTION: 108

State FIVE purposes of a contract.


Answer: Pending. Please Send your suggestions to support@


QUESTION: 109

You are the supply chain manager for a large hospital. Because of the constant need to Reduce costs and maintain high standards, it has been examining the advantages and possible pitfalls of sourcing many of its supplies from some of the emerging economies of the world, particularly those in the Far East. After a time it becomes apparent that your staff are able to negotiate such issues as the price and delivery time of the supplies, but do not know how to go about agreeing contracts with international suppliers with regard to packaging and transport, as well as customs and other duties payable. You are aware of the nature and purposes of Incoterms and you need to make your staff aware of these. You also have in mind some specific Incoterms that you believe would be useful for your organisation.

TASKS

  1. Explain the purpose of Incoterms and the ways in which their use benefits both buyer and seller.

  2. Outline the provisions of Ex-works (EXW).

  3. Outline the provisions of Free on Board (FOB).

  4. Suggest which Incoterm you would use for the hospital and provide reasons for your choice.


Answer: Pending. Please Send your suggestions to support@


QUESTION: 110

You are the purchasing manager of Merson and Oakes Ltd., a major firm of construction contractors. You realise that none of your staff understand the application of contract price adjustment formulae. You believe that it would be a good idea to use these in long-term contracts, due to increasing economic uncertainty in some parts of the world. Instead of using such formulae, members of staff are either forcing suppliers to accept fixedprice contracts or are accepting suppliers?? requests to enter into cost-plus type contracts. Also, given the long­ term nature of many contracts, you are surprised that the staff in the department do not understand retention clauses. You are planning a training session for Merson and Oakes??s staff. As part of your preparation undertake the following:

TASKS

  1. Describe TWO disadvantages of fixed-price contracts from the buyer??s point of view, for the long-term contracts often entered into by the company.

  2. Explain ONE benefit to Merson and Oakes of using contract price adjustment formulae.


  3. Describe how contract price adjustment formulae can be applied in this case.

  4. Explain how Merson and Oakes can make use of retention clauses.


Answer: Pending. Please Send your suggestions to support@


QUESTION: 111

  1. Explain the role and importance of each of the following essential elements of a contract:

    1. Offer

    2. Acceptance

    3. Consideration

    4. Intention to create legal relations

  2. Explain the difference between a condition of a contract and a warranty.


Answer: Pending. Please Send your suggestions to support@


CIPS A8 Exam (Preparing and Managing Contracts) Detailed Information

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Preparing and Managing Contracts certification city and firefighter union put together for ‘active debate’ on pay, staffing as a part of contract negotiations | A8 Real Questions and VCE Practice Test photo by: Nick Krug A firefighter releases the circulate of water from a hydrant to a Lawrence Douglas County fireplace clinical ladder truck right through a working towards undertaking during this file image from April 28, 2009 at a working towards facility, 1941 Haskell Ave. Discussions between metropolis and firefighter union representatives will consist of wage increases, overtime pay and sturdiness bonuses, and both sides are making ready for a “energetic debate.” The latest contract covers firefighters, fire engineers and fire lieutenants within the Lawrence-Douglas County fire medical branch, and it expires on the end of this yr. Representatives for the city and the affiliation of Lawrence knowledgeable Firefighters, native 1596, agreed to open contract negotiations, and the first meeting become held Monday at metropolis corridor. In going throughout the city’s proposed changes to the contract, metropolis manager Tom Markus noted on a couple of occasions that he expected a strong dialog about definite proposals. Markus referred to that if city and union representative can not come to an contract on definite sections, both sides’s remaining proposals will go to the city commission for top-rated consideration. although, he stated he hoped decision may be reached. “I’m no longer anxious for that to occur, I’m extra anxious to see concerns resolved,” Markus noted. “and i feel that we will all stand on principle, but here is a negotiation. and that i all the time view negotiations as a two-approach road — it isn’t only 1 aspect or the other. I need to bear in mind what your perspectives are; i hope you’ll have in mind what our views are.” The union proposed six adjustments to the contract. Union President Dean Garrison spoke of that he saw the negotiations as pretty much updates to the contract that shouldn’t be contentious or have sticker shock. in addition to a accepted wage boost to the current stepped pay plan, the union proposed increases to staffing minimums, ailing depart, funeral benefits and shoe/clothing allowances. “We’ve taken careful consideration in our list,” Garrison spoke of. “it can seem to be short, but we did that intentionally to make sure that it’s fair and balanced and carries gadgets that can also be negotiated within the time body.” beneath the current pay structure, pay for firefighters, fire engineers and fire lieutenants is geared up into a pay plan with 24 steps, and employees are eligible for annual raises in keeping with benefit and any everyday wage adjustment determined with the aid of contract negotiations. beneath the current contract, employees acquire an annual efficiency assessment and are eligible for up to 2 step raises — amounting to either a 5% or 2.5% pay increase, reckoning on where they're within the plan. The union doesn’t wish to trade anything about the current pay constitution however proposes setting up an annual standard wage adjustment to all pay tiers in response to the consumer rate index. The city’s compensation thought does not yet supply all of the specifics about compensation however states that the metropolis would like to talk about numerous sections of the contract that deal with compensation “of their entirety,” in accordance with the city’s thought. these include the sections that lay out the pay plan structure, ordinary wage adjustment and additional pay increases that are at the moment supplied for definite expertise and tasks. The city additionally proposes that time beyond regulation and toughness bonuses for firefighters comply with citywide policies, each alterations that could volume to decreases in these funds for some fire branch personnel. for example, the metropolis calculates beyond regular time per pay length, however the contract includes exceptions to that policy. beneath the city’s suggestion, longevity pay would be capped at $1,000 yearly, and the city is proposing that the bonuses be eradicated for hearth and scientific personnel hired after Jan. 1, 2020. closing yr, the city eliminated durability bonuses for city personnel employed after Jan. 1, 2019. Markus laid out three priorities for the city’s proposals: internal equity amongst usual city personnel and those lined by negotiated contracts; reestablishing management rights which have been constrained over the years via contract negotiation; and guaranteeing the pay is market aggressive. involving pay, Markus talked about one problem he’d additionally like to handle is compression of pay tiers within the pay plan. “I believe we can also have issues with employees no longer wishing to ascend to a stronger rank as a result of financially it isn’t profitable to do so, and that’s what compression usually does,” Markus stated. After reviewing the metropolis’s thought, union representatives stated the city’s changes are massive and that they also expected active debates as negotiations proceed. Union vice chairman Seamus Albritton mentioned the metropolis proposed giant adjustments to enormous portions of the contract, which they think has served the branch smartly. “We simply desired to publicly say that we consider the contract that we've has accomplished a whole lot to create the profession branch, the skilled branch that we have presently,” Albritton noted. “a lot of our perspectives are very distinctive, and we seem to be forward to having some energetic debates.” The subsequent contract negotiations assembly between the city and the firefighters union is scheduled from 9:30 to eleven:30 a.m. may also 6 at city corridor, 6 E. Sixth St. international association of Firefighters native 1596 (IAFF) 04/29/19 Unquestionably it is hard assignment to pick dependable certification questions/answers assets regarding review, reputation and validity since individuals get sham because of picking incorrectly benefit. 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