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

CIPS L6M5 Exam - Topic 3 Question 21 Discussion

Actual exam question for CIPS's L6M5 exam
Question #: 21
Topic #: 3
[All L6M5 Questions]

Joey is preparing an NEC contract for the construction of a new school.

He includes a lump-sum price of 5 million.

The contractor receives payment upon completion of specific milestones.

Q: In which section of the contract should this be detailed?

Answer Options:

Show Suggested Answer Hide Answer
Suggested Answer: A

In NEC contracts, pricing mechanisms are detailed in Options A-F (p.36). W clauses handle dispute resolution, X clauses cover secondary options, and Z clauses are additional conditions. [P.36]


Contribute your Thoughts:

0/2000 characters
Karma
4 days ago
The Z Clause sounds familiar for custom amendments, but I can't recall if it specifically addresses payment milestones.
upvoted 0 times
...
Cecil
9 days ago
I remember something about milestones being covered in the W1 Option, but I could be mixing it up with another contract type.
upvoted 0 times
...
Mohammad
14 days ago
I think the payment details might be in the X Clause, but I'm not entirely sure.
upvoted 0 times
...

Save Cancel