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CIPS Exam L4M3 Topic 8 Question 37 Discussion

Actual exam question for CIPS's L4M3 exam
Question #: 37
Topic #: 8
[All L4M3 Questions]

Which of the following should be used in a contract for window cleaning during the next three months?

Show Suggested Answer Hide Answer
Suggested Answer: A

Advantages of using fixed pricing arrangement are as below:

- Budget/income certainty - prices are fixed up front and should not change

- The impact of changes to the supplier's cost base is not fed through to the purchaser. If costs diminish, the supplier will benefit from this, and if costs rise, the purchaser will benefit


LO 3, AC 3.3

by Marjory at Jun 24, 2024, 03:27 PM

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Reita
29 days ago
What, no 'cost per window' option? That's the only way I'm getting this contract. I need to know exactly how many windows I'm cleaning to pad my invoice properly!
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Josefa
15 days ago
User 1: I agree, 'cost per window' would be the most accurate.
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Brice
1 months ago
Cost-plus (D) is the way to go! Who doesn't love a blank check? Just kidding, that's probably not the best idea for a window cleaning contract.
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Lashon
1 months ago
The standard schedule of rates (C) makes the most sense to me. It's a fair and transparent way to handle the pricing.
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Nada
1 days ago
I think a fixed pricing arrangement would be better for budgeting purposes.
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Levi
26 days ago
I agree, the standard schedule of rates is the most straightforward option.
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Alberta
2 months ago
Variable pricing (A) seems too risky. You never know what the costs might end up being. Give me that good old-fashioned fixed rate anytime!
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Frederic
28 days ago
Cost-plus arrangement could end up being more expensive in the long run.
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Augustine
1 months ago
I think a standard schedule of rates would also work well for window cleaning.
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Luke
1 months ago
I agree, fixed pricing is much more predictable and reliable.
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Temeka
2 months ago
I think the fixed pricing arrangement (B) is the way to go. It provides stability and predictability for both parties during the contract period.
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Karl
2 months ago
I prefer a cost-plus arrangement to ensure transparency in pricing and fair compensation for the service.
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Leslee
2 months ago
I agree with Haydee, a fixed pricing arrangement provides clarity and stability.
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Haydee
2 months ago
I think a fixed pricing arrangement would be best for budgeting purposes.
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