CIPS L6M5 Intereactive Testing Engine | L6M5 Valid Vce
CIPS L6M5 Intereactive Testing Engine | L6M5 Valid Vce
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Tags: L6M5 Intereactive Testing Engine, L6M5 Valid Vce, Latest L6M5 Exam Preparation, L6M5 Valid Learning Materials, Hottest L6M5 Certification
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CIPS L6M5 Exam Syllabus Topics:
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CIPS Strategic Programme Leadership Sample Questions (Q42-Q47):
NEW QUESTION # 42
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:
- A. Z Clause
- B. X Clause
- C. W1 Option
- D. Option A
Answer: D
Explanation:
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]
NEW QUESTION # 43
Which of the following characteristics form part of the Iron Triangle?
- A. contractor
- B. place
- C. scope
- D. cost
- E. time
Answer: C,D,E
Explanation:
The Iron Triangle consists of scope, cost, and time.
NEW QUESTION # 44
Which of the following is true about Engineering, Procurement, and Construction (EPC) Contracts? (Select all that apply.) EPC contracts, commonly referred to as Turnkey Projects, are widely used in construction and infrastructure projects. These contracts require the contractor to design, procure materials, and construct the project to deliver a complete and operational facility to the client.
Answer Options:
- A. These contracts are commonly known as Turnkey Projects
- B. These contracts are sometimes referred to as Design and Build Contracts
- C. These contracts are used when forming a partnership between a private and public organization
- D. The contractor is responsible for the design aspect of the construction
- E. The contractor may operate the building for a certain period after completion
Answer: A,B,D
Explanation:
The correct answers are 1, 3, and 4 (p.8). Option 2 is incorrect as it describes a DBO (Design-Build-Operate) contract rather than an EPC contract. Option 5 is incorrect because it describes a PPP (Public-Private Partnership) contract, not an EPC contract. [P.8]
NEW QUESTION # 45
In which scenario would a Cost Reimbursable contract be most suitable?
Answer Options:
- A. A construction project where raw material prices may fluctuate
- B. A research project where the exact scope of work is unknown at the onset
- C. The manufacturing of food items, where the client may return raw materials that do not meet specifications
- D. The creation of a new product, where time is critical, and the client wishes to reward the contractor for speedy delivery
Answer: B
Explanation:
Cost Reimbursable contracts are widely used in research projects where the exact scope is uncertain (p.69). These contracts allow for flexibility in cost adjustments based on project progress. Option B describes a contract using cost-plus pricing, and Options C and D do not fit this contract model. [P.69]
NEW QUESTION # 46
Which of the following is an advantage to the contractor in an EPC contract arrangement?
EPC contracts provide several benefits to contractors, such as clear project scope, reduced risks, and better project management.
Answer Options:
- A. There are no subcontractors to manage
- B. There is an early completion bonus
- C. The client assumes all risks for the construction
- D. The scope is clearly defined by the client
Answer: D
Explanation:
The correct answer is 1 (p.13). The scope is clearly defined by the client, making it easier for the contractor to plan and execute the project efficiently. Option 2 is incorrect because not all EPC contracts offer an early completion bonus. Option 3 is incorrect because EPC contracts can include subcontractors. Option 4 is incorrect because risks are shared between the client and contractor. [P.13]
NEW QUESTION # 47
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