Free L4M3 Mock Exam – Practice Online Confidently

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Exam Code: L4M3
Exam Questions: 289
Commercial Contracting
Updated: 06 Jan, 2026
Question 1

Transit New Zealand, a public railway authority in New Zealand, opens an ITT for a contract to realign the railroads at Vinegar Hill. The agency has a statutory obligation to employ a fair and transparent tendering process. Which of the following is one of the actions that the agency must perform to ensure their compliance with the law?

Options :
Answer: D

Question 2

Which of the following is the term that describes an item bought for a single and non-recurring use or purpose?

Options :
Answer: C

Question 3

Crown Commercial Service signed a four-year framework agreement with three suppliers on providing street lightning services. When the services are needed, the agency holds a mini competition. Eventually, the deal was awarded to Amey Public Services (APS) which was not listed as a supplier on the framework. Is this action compliant with legal requirement?

Options :
Answer: C

Question 4

Sharaton Foods Holding is looking for a vegetable harvesting and packaging system. They use the performance specification in the tendering process. What are the benefits of using this type of specification?
1. Provide opportunities for innovation
2. Potentially limit the competition among the suppliers
3. Require less effort to produce a specification
4. Allow the end user to provide details on technical aspects

Options :
Answer: B

Question 5

Which of the following is likely to reduce risks of different rules regarding when offers and acceptance become effective between legal systems?

Options :
Answer: D

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