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?

Aif tenders are received by electronic submission exclusively

Bif the competition is restricted

Cif there are fewer than 5 bidders

Dwhen the tender is of low value

Show Suggested Answer

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

2 months 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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Salena

1 days ago

B) if the competition is restricted

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Audra

18 days ago

A) if tenders are received by electronic submission exclusively

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Carmelina

2 months 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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Gaynell

13 days ago

D) when the tender is of low value

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Kristofer

16 days ago

B) if the competition is restricted

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Mozell

1 months ago

A) if tenders are received by electronic submission exclusively

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Katina

2 months 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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Annabelle

16 days ago

Agreed, reducing timescales makes sense when there's not much competition.

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Wilda

1 months ago

So true, might as well speed up the process in that case.

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Johnetta

1 months ago

Exactly, it's like a one-horse race with fewer than 5 bidders.

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Merilyn

2 months ago

Yes, C is the correct answer. Fewer bidders means less competition.

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Justine

2 months 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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Charlette

27 days ago

User 2: Yeah, it's much more efficient than dealing with physical paperwork.

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Janella

28 days ago

User 1: I agree, electronic submissions can definitely speed things up.

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Marta

2 months ago

But what if the competition is restricted? Wouldn't that also reduce timescales?

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Devora

2 months ago

I agree with Tegan. Electronic submission can definitely speed up the process.

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Maia

2 months 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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Mabelle

1 months 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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Sherrell

1 months ago

C) if there are fewer than 5 bidders

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Judy

2 months ago

B) if the competition is restricted

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Terry

2 months ago

A) if tenders are received by electronic submission exclusively

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Tegan

2 months ago

I think a buyer can reduce timescales if tenders are received by electronic submission exclusively.

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