Ctcm exam stuvia Study guides, Class notes & Summaries

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 Procurem...

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...

CTCM Exam 2024 Questions and Answers 100% VerifiedCTCM Exam 2024 Questions and Answers 100% VerifiedCTCM Exam 2024 Questions and Answers 100% VerifiedCTCM Exam 2024 Questions and Answers 100% VerifiedVendor 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. ...

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.

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. - ANSWER-C. Allows communication by the end user during solicitation as long as they communicate to all vendors The Statewide Procurement...

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...

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...

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 ...

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. Does NOT include development of solicitations or awards that must be posted to ESBD Contract Development - ANSWER-Processing of requisitions, need assessments, development of specs, development of SOWs, selection of procurem...

Contract Management Certification - ANSWER-Certified Texas Contract Management Three (3) required classes 1. Contract Management 2. Project Management 3. Negotiations Pass certification test with score of 70% or better Apply for Certification Definition of a Contract - ANSWER-Legal, written document to exchange goods or services for consideration (compensation) What is Contract Management - ANSWER-The entire contracting process from planning through contract administration Con...