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NCMA CCMA Study Guide (3rd Ed) EXAM QUESTIONS WITH ALL CORRECT ANSWERS_.pdf
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9/1/24, 9:55 PMNCMA CCMA Study Guide (3rd Ed)
Jeremiah
Terms in this set (118)
The job tasks and competencies for this domain product contract performance. It
Perform Contract involves the process of executing contract requirements, managing business
relationships, ensuring quality, and managing changes.
A legally enforceable agreement for the sale, purchase, or lease of products, goods,
Contract
supplies, or services or the construction, alteration, or repair or real property.
The actions of a Contract Manager to develop solicitations, develop offers, form
Contract Management
contracts, perform contracts, and close contracts.
Contract Manager The authorized representative or agent for a contracting party
Contract Performance The execution of the terms of a contract
Customer The recipient or user of goods or services delivered under a contract.
Guiding Principles These principles apply to all Contract Managers in all phases of the contract life cycle.
Contract have a distinct beginning and end, and have generally consist of of 3 phases :
Contract Life Cycle Phases
Pre-Award, Award, and Post-Award.
The areas within a contract life phase that produce significant contract management
Domains
outcomes.
The processes utilized to produce the expected contract management outcomes of
Competencies the domains. These processes involve the ability to perform multiple job tasks, both
simultaneously and sequentially, while achieving meaningful results.
The tasks performed on a routine basis by Contract Managers. Contract Managers
systematically process the job tasks to achieve the expected results and competencies.
Though the job tasks are presented as lists, Contract Managers are expected to
Job Tasks
skillfully process them concurrently or sequentially, as appropriate, throughout the
contract life cycle.
1 multiple choice option
For Contract Management, these principles apply to all contract managers in all phases
Guiding Principles
of the contract life cycle.
Pre-Award Domains The domains are : Develop Solicitation and Develop Offer.
Award Domain The domain is Form Contract
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Post-Award Domains The domains are : Perform Contract and Close Contract.
Develop Solicitation Competencies The competencies are : Plan Solicitation and Request Offer
Develop Offer Competencies The competencies are : Plan Sales and Prepare Offer
The competencies are : (1) Analyze Price or Cost, (2) Plan Negotiations, (3) Select
Form Contract Competencies
Source, and (4) Manage Disagreements.
The competencies are : (1) Administer Contract, (2) Ensure Quality, (3) Manage
Perform Contract Competencies
Subcontracts, and (4) Manage Changes.
Close Out Contract Competency The competency is Close Out Contract.
They are : (1) Skills and Roles, (2) Contract Principles, (3) Standards of Conduct, (4)
The 7 categories under Guiding Principles. Regulatory Compliance, (5) Situational Assessment, (6) Team Dynamic, and (7)
Communication and Documentation.
Skills and Roles Contract Management The contract elements are such as negotiations, changes, requirement interpretations,
Element, what are they? deliverables, contract terms, and conditions, and risk management.
They Buyer and Seller:
1) Buyer - The contract party with the requirement for goods or services to be fulfilled
The 2 major functions for Contract Managers by one or more sellers.
2) Seller - The Contract party tasked with fulfilling the buyer's requirement for goods or
services.
These are the fundamentals of contracting that all Contract Managers must understand
Contract Principles and apply. Simply put, a contract results from : Offer, Acceptance, Consideration, and
The intent to create a legal relationship.
What makes contract to be valid and Both parties must indicate that they agree to the terms, it must be for legal purpose,
binding? and it can only by parties who are competent.
The 2 are :
1) General contracting concepts - These include such notions as principal and agency,
types of authority, essential elements of a contract, market research, competition, fair
What are the 2 major categories of Contract and reasonable prices, and ethics, and
Princlples? 2) Terms and Conditions to address specific contract matters - These include the
requirements and the rights and remedies of the parties in such areas as inspection and
acceptance, title transfer, excusable delay, risk of loss, repudiation, warranties, payment
terms, contract changes, and termination.
It helps to define the ethical behavior expected of all Contract Managers and their
organizations. It intends to create trust and confidence in the integrity of the contract
management process. It requires Contract Managers to conduct themselves in such a
manner as to bring credit upon the profession. Contract Managers conduct all business
Standards of Conduct in good faith while :
** Making time and reasonable decisions;
** Being transparent in making appropriate disclosures;
** Adequately protecting proprietary information; and
** Avoiding actual or apparent conflicts of interest.
Fundamentally, the contract management profession is about the knowledge and
application laws, codes, and regulations. Contracts are legal documents that represent
and agreement between the parties whose terms and conditions are legally binding
Regulatory Compliance and enforceable in courts of law and other administrative bodies. As such, it is
important for Contract Managers to have a working knowledge of the laws, codes,
regulations and other sources of guidance that define, to a large extent, the
environment in which the Contract Manager operates.
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