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  • Exam Name: Contract Administration
  • Last Update: 24-Apr-2024
  • Questions and Answers: 90
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L3M3 Questions and Answers

Question # 1

A concise structured document showing all risks for a contract / unit / organisation, including details of nature of risk, risk owner, anticipated impact, possible responses, etc

A.

Risk analysis

B.

Risk register

C.

Risk profile

D.

Risk manual

Question # 2

Which of the following is unlikely to be regarded as a conformance specification?

A.

A chemical formula

B.

A statement of outputs

C.

Drawings

D.

A brand name

Question # 3

The letters ‘MEAT’ stand for:

A.

Most economically advantageous tender

B.

Most environmentally advanced technology

C.

Most environmentally advantageous tender

D.

Main economically advanced tender

Question # 4

In this course, the acronym ‘CPA’ stands for:

A.

Cost price adjustment

B.

Certified price assessor

C.

Critical path analysis

D.

Contract price adjustment

Question # 5

Which of the following would not normally be included in a whole life cost calculation?

A.

Purchase price

B.

Cost of setting up the tender

C.

Defective work, which needs to be rectified.

D.

Inventory costs

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