CIPS L4M3 Practice Test Questions Answers
Exam Code: L4M3
(Updated 233 Q&As with Explanation)
Exam Name: Commercial Contracting
Last Update: 06-Dec-2025
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L4M3 Overview
CIPS L4M3 Exam Overview
| Feature | Description |
|---|---|
| Module Code | L4M3 |
| Module Title | Commercial Contracting |
| Credit Value | 6 |
| Assessment Type | Constructed Response (Essay Style) |
| Exam Format | Computer-based |
| Exam Duration | 3 hours |
| Passing Score | Not publicly available (generally around 60-70%) |
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CIPS L4M3 Exam Topics Breakdown
| Feature | Description |
|---|---|
| Question Type | Constructed Response (Essay Style) |
| Number of Questions | Typically 4 |
| Content Coverage | Focuses on applying knowledge and understanding of commercial contracting principles. May include: |
| * Key elements of a commercial contract | |
| * Contract formation and validity | |
| * Contract terms and conditions | |
| * Contract management | |
| * Risk identification and mitigation | |
| * Performance measurement |
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