A procurement manager has a new contract to award.

Vendor: CIPS
Product: L4M4
Update on: Jan 29, 2026
Questions: 301

CIPS L4M4 Question Answer

A procurement manager has a new contract to award. They know there will be considerable interest from potential suppliers, as there are approximately twelve companies in the market. Which of the following is a benefit of using a full competitive tendering process for this new contract?

All suppliers will know how much the others have bid

Only the procurement manager can decide who wins

All bidders will be treated equally

It is a quick and informal process