Contract Management Framework (Procurement) - CORRECT
ANSWER-Fairly and objectively select the most qualified
contractors
, Contract Management Framework (Contract Formation/Rate
and Price Establishment) - CORRECT ANSWER-Ensure the
contract contains provisions that hold the contractor
accountable for producing desired results, include all relevant
terms and conditions as well as establish processes that are
cost-effective and aligned with the cost of providing the goods
and services
Contract Management Framework (Contract Oversight) -
CORRECT ANSWER-Monitor and enforce the terms of the
contract
Three "O's" Approach to Contract Management - CORRECT
ANSWER-1. Outline
2. Operate
3. Oversee
Outline - CORRECT ANSWER-Identify need, Develop CM
Team, Conduct Risk Assessment, Determine Procurement
Method
Operate - CORRECT ANSWER-Prepare Solicitation, Copies to
CAT/CPA, Solicit Proposals, Evaluate Responses, Award
Contract Manager's Duties - CORRECT ANSWER-Oversees
and manages the entire process (contracting/procurement
process)
Contracting/Procurement Process (1) - CORRECT ANSWER-
Project Planning and Budget, Specification Development,
Review and Evaluation of Solicitation Responses, Assuring
Contract Rates/Pricing are withing budget
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