Preview Questions Procurement Manager | Role Specific Skill

Question 1: What is the best practice to handle delayed deliveries in a construction project supply chain?

Which action should you take?

Choose only one option

Engage a second supplier to ensure timely delivery

Implement a contingency buffer in the schedule

Reallocate funds from other areas to absorb the delay

Use a delay as an opportunity to renegotiate contract terms

Question 2: In a joint venture construction agreement, which element of the contract negotiation should be most carefully scrutinized to protect the interests of all parties involved?

Which action should you take?

Choose only one option

Dispute resolution procedures

Liability clauses

Work scope allocation

Profit-sharing percentages

Question 3: How can a procurement manager ensure timely execution of contract obligations by the supplier in a construction project through negotiations?

Which action should you take?

Choose only one option

Include incentives for early completion

Use penalty clauses for delay

Define clear deliverables with set deadlines

Set up monthly progress reviews

Question 4: In a construction project, how should a procurement manager handle escalating material costs after contract signing?

Which action should you take?

Choose only one option

Apply price escalation clauses to adjust prices

Reduce the scope of work to meet budget requirements

Use the contingency fund to cover the increase

Initiate renegotiations with the contractor

Question 5: When dealing with high-value materials, which logistics strategy should be used to minimize theft and damage?

Which action should you take?

Choose only one option

Increase insurance coverage for materials

Implement secure storage systems with regular checks

Reduce inventory to a minimum level

Use standard shipping methods for bulk materials

Question 6: In construction contract negotiation, what is the key benefit of including penalty clauses for late deliveries?

Which action should you take?

Choose only one option

Prevent price fluctuations

Encourage faster delivery

Provide compensation for delays

Enhance quality control measures