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CIPS Whole Life Asset Management L4M7 Question # 23 Topic 3 Discussion

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CIPS Whole Life Asset Management L4M7 Question # 23 Topic 3 Discussion

L4M7 Exam Topic 3 Question 23 Discussion:
Question #: 23
Topic #: 3

The chief procurement officer (CPO) of TL Communications Ltd is preparing a tender document for a two year cleaning services contract. The CPO has decided that the tender will be awarded on a fixed price. What is the advantage of using a fixed price for the contract?
A.

It is the best method for limiting underpricing and overpricing risks

B.

It gives an opportunity to negotiate bulk discounts

C.

It is always the best pricing method for both the buyer and the supplier

D.

It ensures that the cost is known and will not change over the stated period

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Actual exam question for CIPS L4M7 exam by Kai8978 at Dec 27, 2025, 12:00:07 AM

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