CTCM Exam Prep - Feb 2023 EXAM NEWEST 2024 ACTUAL EXAM COMPLETE 200 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+
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Course
CTCM Ex
Institution
CTCM Ex
CTCM Exam Prep - Feb
2023 EXAM NEWEST
2024 ACTUAL EXAM
COMPLETE 200
QUESTIONS AND
CORRECT DETAILED
ANSWERS (VERIFIED
ANSWERS) |ALREADY
GRADED A+
What is SPD? - ANSWERStatewide Procurement
Division
Define Contract Value -
ANSWER-The initial value of the
contract, plus a...
CTCM Exam Prep - Feb
2023 EXAM NEWEST
2024 ACTUAL EXAM
COMPLETE 200
QUESTIONS AND
CORRECT DETAILED
ANSWERS (VERIFIED
ANSWERS) |ALREADY
GRADED A+
,What is SPD? - ANSWER-
Statewide Procurement
Division
,Define Contract Value -
ANSWER-The initial value of the
contract, plus any
amendments, renewals, and
extensions for the contract's
full existence.
What is the contract value for a
contract with an initial value of
$2 million, with 3 optional
annual renewals of the same
amount? - ANSWER-$8 million
, What is the contract value for a
contract with an initial value of
$500,000, with 2 optional
annual renewals of the same
amount? - ANSWER-$1.5
million
What does SPD do? - ANSWER-
It is the entity that delegates
purchasing authority to state
agencies for non-IT goods and
services.
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