Discuss CIMA CIMAPRO19-P03-1 Exam Topic 3 Question 109

W is a construction company which undertakes large projects for governments and other clients worldwide. Following extensive tendering processes, contracts are issued for successful tenders,and projects typically take three to five years to complete. Contracts are normally fixed-price and many have considerable penalty clauses.

Which of the following would beappropriate policies and controls for W to implement?

AUnsuccessful tenders should be analysedto establish the cause of them failing to be awarded the work and help to avoid future failures.

BEnsuring a consistent separation of duties between those involved in the preparation of tenders and those involved in the planning of projects.

CEnsuring that the minimum legal wage is paid to all workers on the construction sites.

DIn order to ensure the maximum chance of winning the contract,tendersalways commit W to completing the work at the lowest possible price and in the shortest possible time.

EContract terms should be worded precisely so that additional work is not deemed to form part of the contract.

FThe project steering committee and project board should receive regular project status reports.

Suggested Answer: A, E, F

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24 comments · newest first

Casey 1 day ago

E is key. Clear terms avoid disputes later on.

Helene 6 days ago

D seems risky. Lowest price can compromise quality.

Ettie 12 days ago

C is a must! Workers deserve fair wages, it’s ethical.

Gracia 17 days ago

I agree, but B is also important. Separation of duties prevents conflicts.

Shanice 22 days ago

I think A is crucial. Learning from failures helps improve future tenders.

Virgina 27 days ago

Yes, a mix of A, B, and F could lead to success.

Chu 1 month ago

Overall, I feel A, B, and E should be prioritized.

Leonor 1 month ago

Right, F helps in tracking progress effectively.

Xochitl 1 month ago

F keeps everyone informed. Transparency is essential.

Roselle 2 months ago

E is vital. Clear terms prevent misunderstandings later.

Nickolas 2 months ago

D seems risky. Lowest price might compromise quality.

Lynette 2 months ago

C is a must! Workers deserve fair wages.

Virgina 2 months ago

B ensures no conflicts of interest. Very necessary.

Chu 2 months ago

Agreed, A is important, but B is also key for accountability.

Leonor 2 months ago

I think A is crucial. Learning from failures helps improve future tenders.

Tracey 3 months ago

E) is essential, clear contracts save a lot of headaches later!

Izetta 3 months ago

D) is risky, lowest price can lead to cutting corners.

Rodney 3 months ago

C) sounds good, but are they really paying minimum wage?

Bev 3 months ago

Totally agree with B), separation of duties is crucial!

Ollie 3 months ago

A) is a smart move, learning from past failures is key.

Stefany 3 months ago

D seems risky; committing to the lowest price could lead to financial losses if unexpected costs arise during the project.

Leana 4 months ago

I think C is essential because paying the minimum wage is a legal requirement, but it might not be enough to attract skilled workers.

An 4 months ago

I'm not entirely sure about B; separating duties sounds right, but I wonder if it could slow down the tendering process too much.

Evangelina 4 months ago

I remember we discussed the importance of analyzing unsuccessful tenders to improve future submissions, so A seems like a good choice.

CIMAPRO19-P03-1 Exam - Topic 3 Question 109 Discussion