Contracts published by third party experts such as trade associations or professional bodies, widely regarded as favouring neither buyer nor seller, are called:

Contracts published by third party experts such as trade associations or professional bodies, widely regarded as favouring neither buyer nor seller, are called:
A . Uni form
B . Model form
C . Paper form
D . Trans form
E . Good form

View Answer

Answer: B

Explanation:

These are ‘model form’ contracts. Industry standard templates eg NEC (‘New Engineering Con-tract’); or FIDIC model form contracts. You will find some examples produced by CIPS on the CIPS website eg for IT procurements.