FCCM EXAM REVIEW QUESTIONS AND ANSWERS
what are the required elements of a contract/ grant - Answer-Scope
Deliverables
Financial consequences
required minimum review process for contracts Cat.3 (65000) and over - Answer-programmatic review
financial review
legal review
cost analysis alw...
FCCM EXAM REVIEW QUESTIONS
AND ANSWERS
what are the required elements of a contract/ grant - Answer-Scope
Deliverables
Financial consequences
required minimum review process for contracts Cat.3 (65000) and over - Answer-
programmatic review
financial review
legal review
cost analysis always performed when and by who? - Answer-before the contract is
executed and by the agency
source of authority for state funds - Answer-reference guide for state expenditures
what is required to build a contract - Answer-Deliverables
financial Consequences
scopes of work
deliverables - Answer-performance expectation should correspond with payment
schedule
contract administrators are responsible for - Answer-creating and maintaining a contract
file.
maintaining financial information on all contracts.
managing changes to the contracts.
serving as a liason between the contract manager and the department.
contract manager is responsible for - Answer-procurement and contract file
provider onboarding - Answer-cannot make changes to the contract
prepare a summary after the contract file. summary should include - Answer-method of
deliveries
list of attendees
list of action items
monitoring activities of the contract - Answer-client surveys
invoice reviews
onsite reviews and observations
periodic contact
provider reports
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