CIPS Exam L4M3 Topic 9 Question 45 Discussion

Actual exam question for CIPS's L4M3 exam

Question #: 45
Topic #: 9

[All L4M3 Questions]

Which of the following are true statements about RFQ process? Select TWO that apply.

ABuying organisation should only send RFQ to pre-qualified suppliers

BRFQ process requires the suppliers to submit their technical proposals

CRFQ process creates heavier administrative burdens than tendering process

DPrice is often the only variable in the RFQ and quotations

ERFQ process is not suitable for low value purchase

Show Suggested Answer

Suggested Answer: A, D

Request for quotations is often used when the only variable is price and the purchase value is under a financial threshold. This process is less formal than ITT. RFQ should be used in the following circumstances:

- Low-value, low-risk purchases

- When the specifications are sufficiently defined or the product/service is standardised

- Where the suppliers are pre-qualified

- Where there is a framework agreement which specifies the contract terms and conditions.

LO 1, AC 1.1

by Jaime at Sep 14, 2024, 07:51 PM

Limited Time Offer

25%

Off

Get Premium L4M3 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Ronald

2 months ago

RFQ, huh? Sounds like a fancy way of saying 'Beg for the cheapest deal'! But I digress, I think B and D are the winners.

upvoted 0 times

...

Chuck

2 months ago

Haha, RFQ? More like 'Request for Quotation Headache'! But seriously, I'd say B and D are the best answers here.

upvoted 0 times

Roxane

25 days ago

Sending RFQ to pre-qualified suppliers is also important.

upvoted 0 times

...

Lamonica

26 days ago

Definitely, technical proposals and price are key in RFQ process.

upvoted 0 times

...

Carolynn

29 days ago

I think B and D are the correct answers.

upvoted 0 times

...

Shawnda

1 months ago

I agree, RFQ can be a headache sometimes.

upvoted 0 times

...

Yolande

3 months ago

I agree with Dorothy, A and D make sense because RFQ is all about price and pre-qualified suppliers.

upvoted 0 times

...

Katina

3 months ago

I disagree, I believe B and E are the correct options.

upvoted 0 times

...

Maile

3 months ago

A and D are definitely true. You want to pre-qualify suppliers, and price is the key consideration in an RFQ. The other options seem a bit iffy to me.

upvoted 0 times

Helene

2 months ago

The other options do seem less relevant compared to A and D.

upvoted 0 times

...

Genevive

2 months ago

Price being the main variable in RFQs simplifies the decision-making process.

upvoted 0 times

...

Jillian

2 months ago

Sending RFQ to pre-qualified suppliers makes sense to ensure quality.

upvoted 0 times

...

Shelba

2 months ago

I agree, A and D are the correct statements about the RFQ process.

upvoted 0 times

...

Dorothy

3 months ago

I think A and D are true statements about RFQ process.

upvoted 0 times

...

Shakira

3 months ago

I think B and D are true. RFQs do require technical proposals, and price is usually the main factor. But I'm not sure about the administrative burden compared to tendering.

upvoted 0 times

Gianna

2 months ago

I think A and D are true. Suppliers should be pre-qualified and price is a major consideration.

upvoted 0 times

...

Gianna

3 months ago

I agree, B and D are correct. Technical proposals are needed and price is a key factor.

upvoted 0 times

...