Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

CIPS Exam L4M5 Topic 7 Question 41 Discussion

Actual exam question for CIPS's L4M5 exam
Question #: 41
Topic #: 7
[All L4M5 Questions]

Citywide Developments Ltd (CDL) is a construction programme management company that delivers the design and build of high-value property development schemes. CDL uses third-party consultant design services, using named consultants in the contract. CDL has recently observed increases in the consultancy day rate for these consultants. Which of the following tradeable concessions could CDL offer when negotiating with the suppliers of design services, in order to achieve lower rates of pay, but without lowering the quality of service?

Show Suggested Answer Hide Answer
Suggested Answer: C, E

There are many macro economic factors that could influence procurement in general and commercial negotiation in particular. Below are six factors that are agreed to be fairly significant:

* Economy growth rate

* Inflation rates

* Interest rates

* Currency exchange rate

* Unemployment rate

* Protectionism

LO 2, AC 2.2


by Dorothy at Apr 25, 2023, 04:48 AM

Limited Time Offer

25%

Off

Get Premium L4M5 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Colby
29 days ago
I don't know, but if I were CDL, I'd be offering the consultants a free trip to the Caribbean. That's the kind of 'tradeable concession' I'd be looking for!
upvoted 0 times
Judy
12 days ago
A) Accept unqualified trainee consultants
upvoted 0 times
...
...
Coletta
1 months ago
Remove the requirement for named personnel? Now that's an interesting idea! CDL could save some cash and maybe find some hidden gems along the way.
upvoted 0 times
Luther
2 days ago
True, but reducing the volume-based rate discounts could also be a way to negotiate lower rates.
upvoted 0 times
...
Sherron
15 days ago
I agree, but offering a shorter consultant working day might also be a good compromise.
upvoted 0 times
...
Leonie
16 days ago
That's a good point! Accepting unqualified trainee consultants could also help save costs.
upvoted 0 times
...
...
Thomasena
1 months ago
Reducing volume-based rate discounts? Hmm, that might work, but it's kind of a boring option. Where's the creativity?
upvoted 0 times
Christene
2 days ago
B) Offer a shorter consultant working day
upvoted 0 times
...
Lauryn
7 days ago
A) Accept unqualified trainee consultants
upvoted 0 times
...
...
Troy
2 months ago
Offering a shorter consultant working day? That's just going to lead to less work getting done. Not a smart move.
upvoted 0 times
Paris
10 days ago
C) Reduce the volume-based rate discounts
upvoted 0 times
...
Alecia
13 days ago
B) Offer a shorter consultant working day
upvoted 0 times
...
Christoper
28 days ago
A) Accept unqualified trainee consultants
upvoted 0 times
...
...
Verona
2 months ago
I think removing the requirement for named personnel could also help in negotiating lower rates.
upvoted 0 times
...
Phung
2 months ago
Really? Accept unqualified trainees? That's a recipe for disaster! CDL should focus on maintaining quality, not cutting corners.
upvoted 0 times
Johanna
1 months ago
User 2: CDL should consider other options like reducing volume-based rate discounts.
upvoted 0 times
...
Jettie
1 months ago
User 1: I agree, accepting unqualified trainees is risky.
upvoted 0 times
...
...
Josphine
2 months ago
I disagree, I believe reducing the volume-based rate discounts would be more effective.
upvoted 0 times
...
Brock
2 months ago
I think CDL could offer unqualified trainee consultants.
upvoted 0 times
...

Save Cancel