CTCM EXAM 2024 QUESTIONS AND ANSWERS 100% VERIFIED ANSWERS GRADED A+

CTCM EXAM 2024 QUESTIONS AND ANSWERS 100% VERIFIED ANSWERS GRADED A+ • 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 million /.What is SPD? - Answer-State Procurement Division - Delegates purchasing authority to state agencies for non IT goods & services /.What is Purchasing authority? - Answer-The ability of an agency to purchase goods & services using state funds /.What is Delegation of Purchasing Authority? - Answer-Assigning purchasing authority to an agency /.Statewide Contract Development Team does what? - Answer-Develop & administer over 250 statewide contracts /.Statewide Contract Development Team develops - Answer-Term, managed, and TXMAS contracts /.Statewide Contract Development Team processes - Answer-Open Market Requisitions on behalf of the state /.Which contracts do Statewide Contract Development team assist with? - Answer-Term, Managed, and TXMAS /.Statewide contract management team assists with day to day - Answer-Contract management /.Statewide contract management team assists with managing - Answer-Term, managed, and TxMAS contracts /.Statewide contract management team assists with contract - Answer-Administration /.Statewide contract management team assists with reporting - Answer-Requirements /.Statewide contract management team assists with vendor - Answer-Performance issues /.Statewide Mail Operations - Answer-Processes approx 14-17K pieces of mail per day /.Office of Vehicle & Fleet management - def - Answer-Assists state agencies in managing their vehicle fleet /.Statewide Travel Management Program monitors - Answer-travel activity /.Statewide travel management program manages - Answer-Travel expenditures /.Statewide travel management program provides - Answer-Discounted travel services /.HUB promotes - Answer-Full and equal business opportunities /.HUB is a subcontracting opportunity for - Answer-Any procurement with an estimated contract value of 100,000 or greater /.Define HUB - Answer-Historically Underutilized Business Program - Promotes full and equal business opportunities - Subcontracting opportunity for any procurement with an estimated contract value of $100,000 or greater /.Training & Policy Development provides - Answer-training courses, certifications, and continuing education courses for procurement professionals /.Training & Policy Development conducts - Answer-Policy outreach and clarification /.Outreach - def - Answer-Provides customers support for procurement inquiries for the State Programs (ex. TxSmartBuy, ESBD, CMBL, etc) /.State programs list - Answer-TxSmartBuy, TxSmartBuy membership program, Texas Purchasing from People with Disabilities, electronic state business daily, centralized master bidders list, vendor performance tracking system /.Establishes and manages the state vehicle reporting system, assists state agencies and institutions with the management of their fleet vehicles - Answer-Office of Vehicle Fleet Management /.Contract Advisory Team (CAT) - Answer-Reviews and makes recommendations on solicitations with an estimated value of at least $5 million /.Provides opportunities to disadvantaged groups in an effort to remedy disparity in state procurement and contracting - Answer-Historically Underutilized Business Program /.Quality Assurance Team (QAT) - Answer-Oversees Major Information Resources Projects (MIRPs) and associated contracts over $10 million