The actions of a contract manager to develop solicitations, develop offers, form
contracts, perform contracts, and close contracts. - correct answer Contract
Management
The authorized representative or agent for a contracting party. - correct answer
Contract Manager
A mutually binding legal re...
NCMA CCMA Study Guide 2024/25 update
The actions of a contract manager to develop solicitations, develop offers, form
contracts, perform contracts, and close contracts. - correct answer Contract
Management
The authorized representative or agent for a contracting party. - correct answer
Contract Manager
A mutually binding legal relationship obligating the seller to furnish supplies or
services and the buyer to provide consideration in exchange for them. - correct
answer Contract
The execution of the terms of a contract. - correct answer Contract performance
For contract management, these principles apply to all contract managers in all
phases of the contract life cycle. - correct answer Guiding Principles
The phases of a contract: pre-award, award, and post-award. - correct answer
Contract Life Cycle Phases
The areas within a contract life cycle phase that produce significant contract
management outcomes. - correct answer Domains
The processes utilized to produce the expected contract management outcomes
of the domains. These processes involve the ability to perform multiple job tasks,
both simultaneously and sequentially, while achieving meaningful results. -
correct answer Competencies
The tasks performed on a routine basis by contract managers. Contract managers
systematically process the job tasks to achieve the expected results of the
competencies. - correct answer Job Tasks
The process of managing contracts throughout the contract life cycle while
ensuring customer satisfaction. - correct answer Contract Management
Negotiations, changes, requirement interpretations, deliverables, contract terms
and conditions, and risk management are actions of who? - correct answer
Contract Manager
The contracted party with the requirement for goods and/or services to be
fulfilled by one or more sellers. - correct answer Buyer
The contracted party tasked with fulfilling the buyer's requirement for goods
and/or services. - correct answer Seller
The process by which efforts of all personnel responsible for acquiring goods or
services are coordinated and integrated through a comprehensive plan for
fulfilling the customer need in a timely manner at a reasonable cost. - correct
answer Plan Solicitation
The process of implementing the solicitation plan by soliciting responses from
sellers in order to fulfill a customer need. - correct answer Request Offers
, NCMA CCMA Study Guide 2024/25 update
The process of describing all the elements of the customer requirements
(technical, business, regulatory, etc.) to the sellers. - correct answer Develop
Solicitation
The organization's ability to execute the sales plan as it assembles an offer to win
business. - correct answer Prepare Offer
The process of Determining reasonable cost and pricing, Conducting negotiations,
Selecting the source, and Managing disagreements. - correct answer Form
Contract
The process of examining and evaluating an offeror's proposed price without
evaluation of the separate detailed cost elements and proposed profit of the
offeror's price proposal. - correct answer Price Analysis
The process of preparing for interaction between the buyer and seller regarding
all aspects of the offer and its terms, and often involves clarifying requirements
and parties requesting changes or consideration of an alternate approach that
may be consistent with the solicitation requirements. - correct answer Plan
Negotiations
The process of analyzing submitted offers in accordance with the solicitation
evaluation criteria to select the source that has the highest probability of
satisfactory contract performance. - correct answer Select Source
The process of resolving conflict between potential and actual contracted parties
in order to maintain legal conformity - correct answer Manage Disagreements
The process of executing contract requirements, managing business relationships,
ensuring quality, and managing changes - correct answer Perform Contract
The process of Confirming expectations, Maintaining communication channels,
Processing contract documentation, Conducting post-award performance
reviews, and Assessing contract performance. - correct answer Administer
Contract
The process of Planning for contract performance delivery and monitoring, and
Inspecting and accepting contract performance. - correct answer Ensure Quality
The management of contracts in support of the prime contract. - correct answer
Manage Subcontracts
The process of Initiating, considering, negotiating, and issuing contract
modifications; and Maintaining configuration control of the contract and
subsequent contract performance. - correct answer Manage Changes
The process of Verifying all the requirements of the contract are satisfied, Settling
unresolved matters, and Reconciling the contract to make final payment. -
correct answer Close Contract
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