Preview Questions Procurement Manager | Role Specific Skill

Question 1: In construction procurement, what is the most important aspect of managing contract risk when dealing with new or untested suppliers?

Which action should you take?

Choose only one option

Ensuring the supplier is experienced in construction projects

Using performance bonds to guarantee contract completion

Reviewing the supplier's legal history

Ensuring the supplier has a solid financial track record

Question 2: What is the best way to manage contractual risks when procuring construction services for a new building project?

Which action should you take?

Choose only one option

By negotiating strict penalties for delays

By assessing the risk profile of each supplier

By using standard contracts with no negotiation

By including force majeure clauses in all contracts

Question 3: Which of the following is the most critical factor in managing supply chain risks in construction projects?

Which action should you take?

Choose only one option

Accurate demand forecasting

Maintaining optimal inventory levels

Effective communication between stakeholders

Supplier performance monitoring

Question 4: In procurement planning, what is the best way to ensure that materials and services are available on time for a construction project?

Which action should you take?

Choose only one option

Negotiate delivery deadlines with contractors

Estimate lead times based on project schedule

Plan for just-in-time procurement

Set procurement lead times based on supplier performance

Question 5: Which of the following clauses should be prioritized when negotiating a construction supply contract to mitigate project delays?

Which action should you take?

Choose only one option

Payment terms

Indemnity clause

Force majeure clause

Early termination clause

Question 6: What is a common procurement planning mistake that procurement managers should avoid in construction projects?

Which action should you take?

Choose only one option

Ignoring the possibility of price increases

Underestimating the lead time required for critical materials

Over-allocating budget for procurement

Relying on a single supplier for all materials