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L4M2 Dumps With Exact Questions and Answers

Exact2pass Provides 100% Valid Defining Business Needs L4M2 Exam dumps Questions and answers which can helps you to Pass Your Certification Exam in First Attempt.

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L4M2 Questions and Answers

Question # 1

Housing Ltd is inviting a number of contractors to a tender for the construction of a commercial building. In the attachment to the invitation to tender, there is a document which describes the re-quired materials and installation methods. This document is known as...?


Functional specification


Prescriptive specification




Performance specification

Question # 2

A procurement manager is discussing with other stakeholders about the scope and the implementation of the upcoming construction project. A stakeholder argues that the construction projects are often risky as the overall scope of the work can't be accurately estimated from the beginning. Furthermore, the project spans over a long period, the costs of materials can fluctuate widely. The procurement manager suggests that the pricing structure should be able to cover the supplier's costs plus 10% markup on total costs. This arrangement is known as...?


Cost-plus fixed-fee


Cost-plus award fee


Cost-plus incentive fee contracts


Cost-plus Fixed percentage

Question # 3

Department for Transport (DfT) needs to buy new locomotives to expand the capacity of trains fleet. In 2009, they were criticized for beginning the procurement “without any clear idea of how many trains would be needed, which routes they would run on and what form of power would be required”. What should procurement manager of DfT do first to manage risk in making the specification?


Identify the possible risks


Monitor the potential risks


Implement mitigating actions


Assess the potential risks

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