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CTCM Exam Prep (May 2023) EXAM 2024 NEWEST WITH DETAILED VERIFIED ANSWERS (100% CORRECT $27.99   Add to cart

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CTCM Exam Prep (May 2023) EXAM 2024 NEWEST WITH DETAILED VERIFIED ANSWERS (100% CORRECT

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CTCM Exam Prep (May 2023) EXAM 2024 NEWEST WITH DETAILED VERIFIED ANSWERS (100% CORRECT 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, ...

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  • August 13, 2024
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CTCM Exam Prep (May
2023) EXAM 2024 NEWEST
WITH DETAILED VERIFIED
ANSWERS (100% CORRECT

,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 contract
value? - ANSWER-8 Million


SPD - ANSWER-entity that delegates
purchasing authority to state agencies for
non-IT goods and services.


Purchasing Authority - ANSWER-ability of an
agency to purchase goods and services
using state funds

,Delegation of Purchasing Authority -
ANSWER-Assigning purchasing authority to
an agency.


Statewide Contract Development Team -
ANSWER-Develops and administers over
250 statewide contracts representing
several thousand-line items of
products/services
Develops Term, Managed, and TXMAS
contracts
Processes open market requisitions on
behalf of state agencies, universities, and
more than 1,600+ Texas SmartBuy
members

, Statewide Contract Management Team
assists with - ANSWER-Day to day contract
management
Managing Term, Managed and TXMAS
Contracts
Contract administration
Reporting requirements
Vendor performance issues


Office of Vehicle & Fleet Management -
ANSWER-Assists state agencies in managing
their vehicle fleet


StatewideTravelManagementProgram: -
ANSWER-Manages travel expenditures,
monitors travel activity, and provides
discounted travel services

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