CTCM Exam Questions and Correct Answers the Latest Update and Recommended Version
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Course
CTCM
Institution
CTCM
contract value
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?
4 + (4+4+4 renewals) = 16 million
Wh...
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✓ Processes approx 14-17K pieces of mail per day
Office of Vehicle & Fleet management - def
✓ Assists state agencies in managing their vehicle fleet
Statewide Travel Management Program monitors
✓ travel activity
Statewide travel management program manages
✓ Travel expenditures
Statewide travel management program provides
✓ Discounted travel services
HUB promotes
✓ Full and equal business opportunities
HUB is a subcontracting opportunity for
✓ Any procurement with an estimated contract value of 100,000 or greater
Define HUB
✓ 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
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