contract value - CORRECT 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? -
CORRECT ANSWER >>>>4 + (4+4+4 renewals) = 16 million
What is SPD? - CORRECT ANSWER >>>>State Procurement Division
- Delegates purchasing authority to state agencies for non IT goods
& services
What is Purchasing authority? - CORRECT ANSWER >>>>The ability
of an agency to purchase goods & services using state funds
What is Delegation of Purchasing Authority? - CORRECT ANSWER
>>>>Assigning purchasing authority to an agency
,Statewide Contract Development Team does what? - CORRECT
ANSWER >>>>Develop & administer over 250 statewide contracts
Statewide Contract Development Team develops - CORRECT
ANSWER >>>>Term, managed, and TXMAS contracts
Statewide Contract Development Team processes - CORRECT
ANSWER >>>>Open Market Requisitions on behalf of the state
Which contracts do Statewide Contract Development team assist
with? - CORRECT ANSWER >>>>Term, Managed, and TXMAS
Statewide contract management team assists with day to day -
CORRECT ANSWER >>>>Contract management
Statewide contract management team assists with managing -
CORRECT ANSWER >>>>Term, managed, and TxMAS contracts
Statewide contract management team assists with contract -
CORRECT ANSWER >>>>Administration
Statewide contract management team assists with reporting -
CORRECT ANSWER >>>>Requirements
Statewide contract management team assists with vendor -
CORRECT ANSWER >>>>Performance issues
Statewide Mail Operations - CORRECT ANSWER >>>>Processes
approx 14-17K pieces of mail per day
, Office of Vehicle & Fleet management - def - CORRECT ANSWER
>>>>Assists state agencies in managing their vehicle fleet
Statewide Travel Management Program monitors - CORRECT
ANSWER >>>>travel activity
Statewide travel management program manages - CORRECT
ANSWER >>>>Travel expenditures
HUB promotes - CORRECT ANSWER >>>>Full and equal business
opportunities
HUB is a subcontracting opportunity for - CORRECT ANSWER
>>>>Any procurement with an estimated contract value of 100,000
or greater
Define HUB - CORRECT 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 - CORRECT ANSWER
>>>>training courses, certifications, and continuing education
courses for procurement professionals
Training & Policy Development conducts - CORRECT ANSWER
>>>>Policy outreach and clarification
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