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CTCM EXAM PACK 2024!!

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CTCM Certification Exam 2024 Questions and Answers (Graded A+)

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Contract Value - ANSWER-The initial value of the contract, plus any amendments, renewals and extensions for the contract's full existence. Statewide Procurement Division (SPD) - ANSWER-The entity that delegates purchasing authority to state agencies for non-IT goods and services, Purchasing a...

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CTCM - Certified Texas Contract Management Exam with Complete Solutions!!

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Contract Management - ANSWER-The entire process from planning through contract administration Contract Manager - ANSWER-oversees & manages the entire process - • Project planning & budget • Specific development • Review & evaluation of solicitation responses • Assuring contract r...

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CTCM Test A Questions &Answers 100% Correct!!

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Project Management is defined as: - ANSWER-The discipline of defining and achieving specific goals and objectives for temporary and unique efforts through effective management. An individual responsible for managing the successful planning, implementation, and execution of a system, service or pr...

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CTCM Exam 2024 Questions & Answers 100% Verified

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Vendor Communication consists of all of the following except. A. Avoids situations that could appear to show favoritism to a specific vendor B. is constant throughout the life of a contract C. Allows communication by the end user during solicitation as long as they communicate to all vendors D. ...

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CTCM Exam 2024 Questions & Answers 100% Verified!!

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contract value - ANSWER-Initial Value of the contract, plus any amendments, renewals and extensions for the contract's full existence A contract with an initial value of $4 million, with 3 optional annual renewals of the same amount. What is the contract value? - ANSWER-4 + (4+4+4 renewals) = 16...

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CTCM Certification (Certified Texas Contract Manager Certification Review) with Complete Solutions!!

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Purchasing - ANSWER-The receipt and processing of requisitions, development of specifications, development of statement of work, the issuance of purchase orders against existing statewide, cooperative or agency, contracts, and the verification of the inspection of merchandise on receipt of services ...

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Certified Texas Contract Manager Study Guide|143 Questions & Answers 100% Verified!!

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Statewide Procurement Division (SPD) - ANSWER-The central authority for state agencies for procurement guidance, education, statewide contract development services, and delegation of purchasing authority. Assists its statewide government customers with all stages of the procurement cycle. Policy ...

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CTCM Exam: Contract Management Exam Questions and Answers 100% Accurate!!

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Steps in Contract Management Framework - ANSWER-Plan; Procurement; Contract Formation/Rate/Price Establishment; Contract Oversight Contract Administrator(CA) vs. Contract Manager(CM) - ANSWER-Not the same but very similiar CA - responsible for post award CM - is responsible for all functions of...

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CTCM Exam 2024 Questions & Answers (Graded A+)

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Contracts $100,000 or more - ANSWER-Must go to POD - Procurement Oversight & Delegation; HUB subcontracting probable Statewide Procurement Division (SPD) - ANSWER-the central authority for state agencies for procurement guidance, education, statewide contract development services, and delegation ...

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Certified Texas Contract Manager (CTCM) Exam Prep with Complete Solutions!!

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Vendor Performance Tracking System (VPTS) - ANSWER-Online directory that a contractor's performance must be reported to this system once a contract with a value over $25,000.00 is completed or otherwise terminated. Types of Contract Amendments - ANSWER-1) Bilateral Amendments (Substantive Change...

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CTCM Contract Management Exam Questions and Answers 100% Verified!!

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Contract Management Certification - ANSWER-Certified Texas Contract Management Three (3) required classes 1. Contract Management 2. Project Management 3. Negotiations Pass certification test with score of 70% or better Apply for Certification Definition of a Contract - ANSWER-Legal, wri...

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CTCM Exam Prep (May 2024) Questions and Answers (Graded A+)

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Contract Value - ANSWER-the initial value of the contract, plus any amendments, renewals and extensions for the contract's full existence. A contract with an initial value of $2 million, with three (3) optional, annual renewals of the same amount. What is the contract value? - ANSWER-8 Million ...

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CTCM Exam 2 Questions and Answers (GRADED A+)

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Purchasing - ANSWER-The receipt and processing of requisitions, development of specifications, development of SOW, issuance of purchase orders against existing statewide, cooperative, or agency contracts, and the verification of the inspection of merchandise or receipt of services by the agency. The...

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CTCM - Certified Texas Contract Management Exam Questions & Answers 100% Verified!!

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Contract Management - ANSWER-The entire process from planning through contract administration Contract Manager - ANSWER-oversees & manages the entire process - • Project planning & budget • Specific development • Review & evaluation of solicitation responses • Assuring contract r...

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CTCM Test B| Questions and Answers (Graded A+)

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The "triple constraint" of project management includes the controlling and management of: - ANSWER-Schedule, cost, and scope The following are all project management process groups: - ANSWER---Initiating --Executing --Monitoring Which of the following is critical for ensuring project suc...

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CTCM (SPD Exam Study Guide 2024) with Complete Solutions

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Procurement Roles - ANSWER-Purchasing, contract development and contract management Purchasing - ANSWER-Receipt and processing of requisitions, issuance of purchase orders against existing contracts, and verification of inspection of merchandise or receipt of services. Does NOT include developmen...

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CTCM Study Questions and Answers 100% Correct!!

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SPD - ANSWER-Department of the Texas Comptroller of Public Accounts (CPA); is the central authority for state agencies except by statutory exemption. In other words, it has delegation of purchasing authority. Also provides procurement guidance, education, and contract development services. Responsib...

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