CTCM Exam: Contract Management Questions With 100% Correct Answers.
2 views 0 purchase
Course
CTCM
Institution
CTCM
CTCM Exam: Contract Management Questions With 100% Correct Answers.
Steps in Contract Management Framework
Plan; Procurement; Contract Formation/Rate/Price Establishment; Contract Oversight
Contract Administrator(CA) vs. Contract Manager(CM)
Not the same but very similiar
CA - responsible fo...
CTCM Exam: Contract Management Questions With
100% Correct Answers.
Steps in Contract Management Framework
Plan; Procurement; Contract Formation/Rate/Price Establishment; Contract Oversight
Contract Administrator(CA) vs. Contract Manager(CM)
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?
Executives, CM, CA
Procurement Process
Need defined: End User: CM and Purchaser
Procurement Method Selected: Purchaser
Solicitation: Purchaser/CM
Receipt of Proposals /Bids: Purchaser/CM/Eval Team
Evaluation & Award: Purchaser/General Counsel
Inspection and Acceptance: End User: CM
Contract Admin End User: CM/CA
Payment: AP/CM/CA
Contract Closeout: End User: CM/CA
State of Texas Procurement Cycle
1. Need defined
2.Procurement Method Selected
3. Solicitation
4. Receipt of Proposals/Bids
5. Evaluation and Award
6. Inspection and Acceptance
7. Contract Admin (Change Mgmt)
8. Payment
9. Contract Closeout
3 "O"'s Approach to Contract Mgmt
Outline, Operate, Oversee
Operate
Procurement/Contract Formation:Rate/Price Established: Purchaser/CM/ Legal
Oversee
Contract Oversight: End User: CA/CM
Outline
Plan: Purchaser/SME/End User/ Internal,external stakeholders
Ethical Standards of Conduct - EEs should not do
1. Accept or solicit any gift, favor or service that might influence
2. Accept employment or engage in a business or pro activity where ee might disclose
confidential info
3. Accept other employment or compensation that could impair the ees judgment
Revolving Door #1
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller LectDan. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.