Ctcm spd Study guides, Class notes & Summaries
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CTCM Certification Exam Study Guide Questions with Correct Answers 100% Verified
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CTCM Certification Exam Study Guide Questions with Correct Answers 100% Verified 
 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. ...
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CTCM Exam 2024 Questions and Answers 100% Verified
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CTCM Exam 2024 Questions and Answers 100% VerifiedCTCM Exam 2024 Questions and Answers 100% VerifiedCTCM Exam 2024 Questions and Answers 100% Verified 
contract value - ANSWER-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? - ANSWER-4 + (4+4+4 renewals) = 16 million 
 
What is SPD? - ANSWER-State Procureme...
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CTCM Exam Prep Latest Version (2024/2025) Rated A+
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CTCM Exam Prep Latest Version 
 
(2024/2025) Rated A+ 
 
What does SPD represent? 
Statewide Procurement Division 
 
How is Contract Value defined? 
 
It refers to the original value of the contract, including any modifications, renewals, and 
extensions throughout the contract's duration. 
 
What is the total contract value for an agreement that starts at $2 million, with three optional 
annual extensions of the same amount? 
 
$8 million 
 
If a contract begins at $500,000 and has two optiona...
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CTCM SPD Exam Study Guide 2023 Questions With Complete Solutions
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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...
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CTCM EXAM 2023
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CTCM EXAM 2023 
 
Centralized Master's Bidders List 
Master database that provides Texas procurement professionals the ability to foster competition between vendors. 
State Travel Management Program 
Manages travel expenditures, including hotel, car rentals, airlines, and travel agencies. 
Policy and Outreach 
Conducts policy research, training, certification, and customer support services. 
Agency Procurement Plans 
This plan must be submitted by November 30th annually. 
Texas SmartBuy 
Statew...
Too much month left at the end of the money?
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CTCM (SPD Exam Study Guide 2024) with Complete Solutions
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CTCM (SPD Exam Study Guide 2024) with Complete SolutionsCTCM (SPD Exam Study Guide 2024) with Complete SolutionsCTCM (SPD Exam Study Guide 2024) with Complete SolutionsCTCM (SPD Exam Study Guide 2024) with Complete Solutions 
Procurement Roles - ANSWER-Purchasing, contract development and contract management 
 
Purchasing - ANSWER-Receipt and processing of requisitions, issuance of purchase orders against existing contracts, and verification of inspection of merchandise or receipt of services. D...
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CTCM Study Questions and Answers 100% Correct
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SPD - ANSWER-Department of the Texas Comptroller of Public Accounts (CPA); is the central authority for state agencies except by statutory exemption. In other words, it has delegation of purchasing authority. Also provides procurement guidance, education, and contract development services. Responsible for developing and administering the CTCD and CTCM certification programs. 
 
Statewide Procurement Policy and Outreach (SPPO) - ANSWER-Section of SPD that conducts policy research, provides traini...
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CTCM Exam Prep (May 2024) Questions and Answers (Graded A)
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CTCM Exam Prep (May 2024) Questions and Answers (Graded A)CTCM Exam Prep (May 2024) Questions and Answers (Graded A)CTCM Exam Prep (May 2024) Questions and Answers (Graded A)CTCM Exam Prep (May 2024) Questions and Answers (Graded A) 
Contract Value - ANSWER-the initial value of the contract, plus any amendments, renewals and extensions for the contract's full existence. 
 
A contract with an initial value of $2 million, with three (3) optional, annual renewals of the same amount. What is the co...
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CTCM STUDY MATERIAL WITH A GUARANTEED PASS!!
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CTCM STUDY MATERIAL WITH A GUARANTEED PASS!! 
 
SPD 
Department of the Texas Comptroller of Public Accounts (CPA); is the central authority for state agencies except by statutory exemption. In other words, it has delegation of purchasing authority. Also provides procurement guidance, education, and contract development services. Responsible for developing and administering the CTCD and CTCM certification programs. 
Statewide Procurement Policy and Outreach (SPPO) 
Section of SPD that conducts po...
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CTCM Exam 2024 Questions and Answers (Graded A)
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CTCM Exam 2024 Questions and Answers (Graded A)CTCM Exam 2024 Questions and Answers (Graded A)CTCM Exam 2024 Questions and Answers (Graded A)CTCM Exam 2024 Questions and Answers (Graded A)CTCM Exam 2024 Questions and Answers (Graded A)Contracts $100,000 or more - ANSWER-Must go to POD - Procurement Oversight & Delegation; HUB subcontracting probable 
 
Statewide Procurement Division (SPD) - ANSWER-the central authority for state agencies for procurement guidance, education, statewide contract de...
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