CIPS L3M3 revision Q&A (Identify types of contract and agreements)

In this CIPS L3M3 contract administration let us look at question and answers on types of contract agreements.
Access free CIPS downloads and summary notes and exercises here: https://zerite-network.kit.com/295c74...

Watch next CIPS L3M4 Question and Answers revision:    • CIPS L3M4 revisions questions and answers ...  


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ABOUT THIS VIDEO

Contract administration which is the 3rd module in level 3 basically CIPS L3M3, is not as complicated as most procurement students think.

And to prove that in this video and series of videos that follow we are going to look at the questions and answers some key areas that you need to understand.

In this revision we focus on
• Spot purchases
• Term contracts
• Framework agreements (or blanket orders/panel agreements)
• Call offs

TIME STAMP
00:00 Intro
02:10 Contracts agreement and essential of a valid contract
11:18 Spot purchases
24:30 Term contracts
34:06 Framework agreements (or blanket orders/panel agreements)
45:17 Call offs