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CIPS Exam L4M4 Topic 2 Question 27 Discussion

Actual exam question for CIPS's L4M4 exam
Question #: 27
Topic #: 2
[All L4M4 Questions]

Under what circumstances can a buyer reduce timescales for a tender in the Public Sector?

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Suggested Answer: C

The correct answer is 'no- quoting in the supplier's currency increases the risk for the buyer'. This questions comes up in a variety of formats in the exam. Remember; if the price is in your own currency (most examples in the exam are given in ) there is less risk than if the prices are quoted in a foreign currency. This is because exchange rates fluctuate; if the price is in you always know what you're paying, if it's in another currency the price can change daily depending on if the exchange rate compared to has gone up or down.


by Zona at Dec 11, 2024, 06:49 AM

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Farrah
4 days ago
Hey, I heard if you show up to the tender in a clown costume, they have to let you win. No? Just me? Okay, back to the drawing board...
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Carmelina
11 days ago
D is definitely the way to go. Low-value tenders? Ain't nobody got time for that! Slam dunk, baby.
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Katina
15 days ago
C is the correct answer, of course. Fewer than 5 bidders? That's like a one-horse race, right? Might as well hurry it along.
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Johnetta
3 days ago
Exactly, it's like a one-horse race with fewer than 5 bidders.
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Merilyn
4 days ago
Yes, C is the correct answer. Fewer bidders means less competition.
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Justine
20 days ago
I'd go with A. If tenders are received electronically, it makes sense to reduce the timescales. Who needs all that paperwork these days?
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Marta
24 days ago
But what if the competition is restricted? Wouldn't that also reduce timescales?
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Devora
25 days ago
I agree with Tegan. Electronic submission can definitely speed up the process.
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Maia
28 days ago
Option B seems logical, if the competition is restricted, the buyer can reduce the timescales. But I'm not sure if that's the only circumstance.
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Judy
6 days ago
B) if the competition is restricted
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Terry
7 days ago
A) if tenders are received by electronic submission exclusively
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Tegan
1 months ago
I think a buyer can reduce timescales if tenders are received by electronic submission exclusively.
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