Txmas - Study guides, Class notes & Summaries

Contract Value - ANSWER-The initial value of the contract, plus any amendments, renewals and extensions for the contract's full existence. Statewide Procurement Division (SPD) - ANSWER-The entity that delegates purchasing authority to state agencies for non-IT goods and services, Purchasing authority - ANSWER-The ability of an agency to purchase goods and services using state funds. Delegation of purchasing authority - ANSWER-Assigning purchasing authority to an agency Texas Departm...

CTCM Exam Questions With Revised Correct Answers <Latest Update> 1) An Invitation for Bid consists of all of the following except: A. Based on the lowest bid. B. Must meet the minimum specification C. Allows for negotiations - ANSWER negotiations 2) TXMAS contracts are also known as C. Allows for A. Texas Multiple Award Schedule contracts B. Texas Managed Automated Scheduled contracts C. Texas Mass Awarded Contracts D. Texas Multiple Available Sourced contra...

$$$ Requirements $10K to $25K ~ CMBL - 3 active vendors, 2 must be HUB $$$ Requirements $25k + ~ CMBL all vendors, ESBD notice of solicitation and award, VPTS 30 day, contract completion and terminate $$$ Requirements $50K + ~ OMR - Goods solicitation - letter of delegated purchasing authority, $$$ Requirements $100K + ~ POD - Services Solicitation - letter of delegated purchasing authority, HUB HSP Subcontractor $$$ Requirements $1 million + ~ Form 1295 from vendor and SA...

CTCD 2023 Exam || Questions & Answers (100% Accurate) CTCD 2023 Exam || Questions & Answers (100% Accurate) What is VPTS? - ANSWER - Vendor Performance Tracking System Allows agencies to score vendors, track vendor performance, and provides information to contract developers. The VPTS collects vendor performance reports from agencies. VPTS thresholds and requirements - ANSWER - Agencies are required by statute to report on the VPTS. *Reports are required w/in 30 days of contrac...

what does spd stand for? - answer- statewide procurement division what 5 divisions does spd encompass? - answer- contract development, contract management, procurement & policy outreach, hub, statewide fleet, travel & mail initial value of $5m with 3 optional renewals. contract value? - answer- $20m spd delegation by rule includes - answer- purchases of $5k or less - spot po one time purchases of goods $50k or less purchases of services of $100k or less direct publications perishabl...

Vendor Communication - Answer Communication between vendors and public procurement professionals is vital and encouraged. All communication must cease once the solicitation drafting process commences to ensure integrity of procurement. There are allowable and unallowable vendor-procurement interactions. Surplus Programs - Answer Purchasing Goods, go here first. Federal surplus: comes from US govt, no public sales, usually lower fees than state. State surplus: Property from state agencies,...

Procurement Roles correct answer: Purchasing, contract development and contract management Purchasing correct answer: 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 correct answer: Processing of requisitions, need assessments, development of specs, development of SOW...

What does SPD stand for? - ANSWER Statewide Procurement Division What 5 Divisions does SPD Encompass? - ANSWER Contract Development, Contract Management, Procurement & Policy Outreach, HUB, Statewide Fleet, Travel & Mail Initial Value of $5M with 3 optional renewals. Contract Value? - ANSWER $20M SPD DELEGATION BY RULE INCLUDES - ANSWER PURCHASES OF $5K OR LESS - SPOT PO ONE TIME PURCHASES OF GOODS $50K OR LESS PURCHASES OF SERVICES OF $100K OR LESS DIRECT PUBLICATIONS PERISHABLE GO...

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 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...