Ctcm exam 2024 Study guides, Class notes & Summaries

Procurement Method Determination - correct answer Step 2 of identifying the appropriate procurement method and if applicable issue a solicitation. Procurement Planning - correct answer Step 1 of defining the business need and establish the procurement objectives. Contract Management - correct answer 5th step of administer and enforce the terms of the contract. Contract formation and award - correct answer 4th step ensure that the awarded contract complies with applicable procure...

Contracts $100,000 or more - correct answer Must go to POD - Procurement Oversight & Delegation; HUB subcontracting probable Statewide Procurement Division (SPD) - correct answer the central authority for state agencies for procurement guidance, education, statewide contract development services, and delegation of purchasing authority. Statewide Procurement Policy and Outreach - correct answer used by state agencies Contract Advisory Team-Review and Delegation (CAT-RAD) Program - ...

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 Procurement Division - Delegates purchasing authority to state agencies for non IT goods & services What is Purchasing authority? - ANSWER-The ability of an ...

Vendor Communication consists of all of the following except. A. Avoids situations that could appear to show favoritism to a specific vendor B. is constant throughout the life of a contract C. Allows communication by the end user during solicitation as long as they communicate to all vendors D. Is allowable and unallowable depending on the circumstance. - correct answer C. Allows communication by the end user during solicitation as long as they communicate to all vendors The Statewide P...

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 development services, and delegation of purchasing authority. Statewide Procurement Policy and Outreach - ANSWER-used by state agencies Contract Advisory Team-Review and Delegation (CAT-RAD) Program - ANSWER-conducts solicitation r...

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 ...

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...

2024/2025 CTCM LATEST CERTIFICATION EXAM WITH 300 PRACTICE QUESTIONS AND CORRECT ANSWERS/ CERTIFIED TEXAS CONTRACT MANAGEMENT CERTIFICATION TEST 2024 PRACTICE (NEW!!)

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 development services, and delegation of purchasing authority. Statewide Procurement Policy and Outreach - ANSWER-used by state agencies Contract Advisory Team-Review and Delegation (CAT-RAD) Program - ANSWER-conducts solicitation r...

Steps in Contract Management Framework - correct answer Plan; Procurement; Contract Formation/Rate/Price Establishment; Contract Oversight Contract Administrator(CA) vs. Contract Manager(CM) - correct answer Not the same but very similiar CA - responsible for post award CM - is responsible for all functions of contract mgmt. What are "resources" a contract mgmt plan should have? - correct answer Executives, CM, CA Procurement Process - correct answer Need defined: End User: ...