CIPS L3M3 Exam Dumps

Get All Contract Administration Exam Questions with Validated Answers

L3M3 Pack
Vendor: CIPS
Exam Code: L3M3
Exam Name: Contract Administration
Exam Questions: 90
Last Updated: October 5, 2026
Related Certifications: Level 3 Advanced Certificate in Procurement and Supply Operations
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Free CIPS L3M3 Exam Actual Questions

Question No. 1

When negotiating, it is highly desirable to have both a:

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Correct Answer: B

Best alternative to a negotiated agreement; and a zone of potential agreement.

The other terms shown are just fictions.


Question No. 2

How many 'Whys'?

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Correct Answer: A

'Five-Why Analysis' or 'Why-Why Analysis' is an approach to trying to determine the cause of an event. It can be used to link to / in conjunction with an Ishikawa diagram. The principle is that one repeatedly (as often as necessary, not necessarily limited to five) asks 'why?', and eventually an un-derlying reason will emerge, which if addressed effectively, will successfully resolve the problem. This is something which can often be observed naturally in small children. 'Why, Daddy?'. 'But why, Daddy?. Etc. (Or Mummy)


Question No. 3

Contracts published by third party experts such as trade associations or professional bodies, widely regarded as favouring neither buyer nor seller, are called:

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Correct Answer: B

These are 'model form' contracts. Industry standard templates eg NEC ('New Engineering Con-tract'); or FIDIC model form contracts. You will find some examples produced by CIPS on the CIPS website eg for IT procurements.


Question No. 4

In this course, the acronym 'NDA' stands for:

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Correct Answer: D

Non-disclosure agreement, also known as a confidentiality agreement.


Question No. 5

Which of the following are barriers to trade?

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Correct Answer: A, B, C, D, E

All of those shown are barriers to trade.

Quotas place a numerical limit on what may be imported; embargoes ban certain goods (for exam-ple, no goods originating in Israel may be imported); duties discourage imports; subsidies of local industries undercut foreign competitors (have a search for stories on large airlines being subsidised in various countries, commonly for reasons of prestige); complex customs procedures make import-ing foreign goods difficult (great examples involving France); exchange controls limit the amount of a currency which can be converted into another currency, limiting payment possibilities for imports. Etc.

Of course, most countries using any of these mechanisms repeatedly eulogise on the benefits of free trade....


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