CTCM Exam: Contract Management Questions With 100% Correct Answers.

CTCM Exam: Contract Management Questions With
100% Correct Answers.
Steps in Contract Management Framework
Plan; Procurement; Contract Formation/Rate/Price Establishment; Contract Oversight
Contract Administrator(CA) vs. Contract Manager(CM)
Not the same but very similiar
CA - responsible for post award
CM - is responsible for all functions of contract mgmt.
What are "resources" a contract mgmt plan should have?
Executives, CM, CA
Procurement Process
Need defined: End User: CM and Purchaser
Procurement Method Selected: Purchaser
Solicitation: Purchaser/CM
Receipt of Proposals /Bids: Purchaser/CM/Eval Team
Evaluation & Award: Purchaser/General Counsel
Inspection and Acceptance: End User: CM
Contract Admin End User: CM/CA
Payment: AP/CM/CA
Contract Closeout: End User: CM/CA
State of Texas Procurement Cycle
1. Need defined
2.Procurement Method Selected
3. Solicitation
4. Receipt of Proposals/Bids
5. Evaluation and Award
6. Inspection and Acceptance
7. Contract Admin (Change Mgmt)
8. Payment
9. Contract Closeout
3 "O"'s Approach to Contract Mgmt
Outline, Operate, Oversee
Operate
Procurement/Contract Formation:Rate/Price Established: Purchaser/CM/ Legal
Oversee
Contract Oversight: End User: CA/CM
Outline
Plan: Purchaser/SME/End User/ Internal,external stakeholders
Ethical Standards of Conduct - EEs should not do
1. Accept or solicit any gift, favor or service that might influence
2. Accept employment or engage in a business or pro activity where ee might disclose
confidential info
3. Accept other employment or compensation that could impair the ees judgment
Revolving Door #1