Ctcm exam guide - Study guides, Class notes & Summaries

CTCM EXAM Questions & Answers contract value 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? 4 + (4+4+4 renewals) = 16 million What is SPD? State Procurement Division - Delegates purchasing authority to state agencies for non IT goods & services What is Purchasing authority? The ability of an agenc...

CTCM Certification Exam Questions With 100%Verified AnswersA+GRADED Contract Value - correct answer...The initial value of the contract, plus any amendments, renewals and extensions for the contract's full existence. Statewide Procurement Division (SPD) - correct answer...The entity that delegates purchasing authority to state agencies for non-IT goods and services, Purchasing authority - correct answer...The ability of an agency to purchase goods and services using state funds. Del...

CTCM EXAM Questions & Answers contract value 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? 4 + (4+4+4 renewals) = 16 million What is SPD? State Procurement Division - Delegates purchasing authority to state agencies for non IT goods & services What is Purchasing authority? The ability of an agenc...

©THEBRIGHT EXAM STUDY SOLUTIONS 8/21/2024 8:36 PM CTCM - Certified Texas Contract Management Exam Study Guide. Contract Management - answerThe entire process from planning through contract administration Contract Manager - answeroversees & manages the entire process - • Project planning & budget • Specific development • Review & evaluation of solicitation responses • Assuring contract rates/pricing are within budget • Contract award Contract Administrator - answerresponsibl...

CTCM (SPD Exam Study Guide) UPDATED 2024 Procurement Roles Purchasing, contract development and contract management Purchasing Receipt and processing of requisitions, issuance of purchase orders against existing contracts, and verification of inspection of merchandise or receipt of services. Does NOT include development of solicitations or awards that must be posted to ESBD Contract Development Processing of requisitions, need assessments, development of specs, development of SOWs, selec...