Commercial Contracting Contract variation Schedule Subcontracting Standard terms and conditions 15. Technical and physical characteristics of the product 2 and 4 only 1 and 2 only 1 and 4 only 2 and 3 only 16. Consequences and actions that arise from certain KPI scores must be...? Select TWO that apply. Mutually agreed Deliberately omitted Documented Unilaterally imposed by the purchaser Terminated 17. Blakenall District Hospital (BDH) is a large hospital that is a major part of the government’s health service. Purchasing staff are in the habit of placing many long-term contracts with suppliers and sub-contractors. Whilst these contracts are usually carried out successfully, prices are often paid that are well over budget. The purchasing manager is concerned to find that, in some cases, members of staff are forcing suppliers to accept fixed price contracts. The policy has caused several problems such as some suppliers refusing to deal with BDH and a few going out of business mid-way through performing a contract with BDH CIPS L4M3 Exam Dumps. This is due to fluctuating market prices of materials. The procurement manager suggests supplier to adopt variable pricing arrangement with price index. Is this a right course of action? No, variable pricing would only benefit the suppliers Yes, this type of arrangement would provide absolute certainty when budgeting Yes, this pricing arrangement would reimburse the fluctuation of material prices No, price adjustment should be applied to short-term supply contract only (3-month duration or less) 18.
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