CIPS M4L8 (Procurement and Supply) CHAPTER 2 STUDY GUIDE.
It is best practice for the procurement professional to accept the offer in
writing. However, it is possible to accept in any of the following ways
✔✔- A telephone call
- An email
- A letter
- A face-to-face conversation
- A handshake
It is important that the terms of the contract are
✔✔finalized before the contract is agreed. If this does not happen, a
procurement professional could find themselves in a 'battle of the forms'
situation
A battle of the forms happens when
✔✔a buying and a supplying organisation are negotiating contractual
terms and each organisations response is based on its own terms
On agreement, the contract becomes legally binding and the two parties
can start work on contract
✔✔mobilisation
Contract mobilisation
✔✔when a contract shifts from one supplier to another

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jordancarter 6 months ago

This study guide is clear, well-organized, and covers all the essential topics. The explanations are concise, making complex concepts easier to understand. It could benefit from more practice questions, but overall, it's a great resource for efficient studying. Highly recommend!

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