CIPS Exam L5M2 Topic 1 Question 34 Discussion

Actual exam question for CIPS's L5M2 exam

Question #: 34
Topic #: 1

[All L5M2 Questions]

Which of the following statements about FIDIC Contracts are true? Select TWO:

AThey are used in the construction industry

BThey are more collaborative than NEC contracts

CEach party manages their own risks separately

DEarly warning notices are given when risks arise

EChange control is called a 'Compensation Event'

Show Suggested Answer

Suggested Answer: D

The correct answers are as follows:

The consequences of this risk are huge, therefore the risk should be terminated. This means the cause of the risk is taken away (i.e. the animal testing).

by Virgie at Jun 03, 2024, 08:18 AM

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Chara

13 days ago

I agree with Colby, A and D make sense because FIDIC Contracts are used in construction and early warning notices are given.

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Kristofer

15 days ago

I think B and E are the correct statements.

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Colby

20 days ago

A and D are true.

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