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Prepare for the CIPS Contract Administration exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.
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The questions for L3M3 were last updated on Apr 22, 2026.
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The expression 'consideration' means:
Consideration is one of the essential elements of a contract in English law, and it essentially means the exchange of something of value for something else of value, typically goods or services for money.
Normally it is the price to be paid in exchange for goods or services.
A concise structured document showing all risks for a contract / unit / organisation, including details of nature of risk, risk owner, anticipated impact, possible responses, etc
Risk register.
A risk manual is more likely to explain risk(s), and say what should be done regarding risks.
What do we call the point when the supply firm makes neither a profit nor a loss ie where all costs are covered yet no profit is made?
Breakeven point. The firm breaks even: covers all of its fixed costs. At this point the firm has made neither a profit nor a loss, and hopefully is about to enter profitability.
Qualitative research / data can accurately be described as XXX rather than 'counting'. What is XXX?
Probing.
Qualitative research enables a researcher to develop themes of interest, in more depth than simpler quantitative research.
A situation where suggestions made, often by a bidder, unnecessarily widen the scope of the requirement.
Specification creep - where the requirement becomes more complex or sophisticated than originally thought necessary for the buying organisation's purposes. Naturally, this can be expected to increase cost to the buying organisation.
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