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CTCM Exam Spring Exam Questions with correct Answers
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CTCM Exam Spring Exam Questions with correct Answers
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CTCM Exam Spring Exam Questionswith correct Answers
Statement of Work - Correct Answers -Al legal, external facing document that describes
what needs to be done. Provides a comprehensive outline of deliverables,
requirements, goals, schedules and costs.
Scope of Work - Correct Answers -A subsection of the statement of work that describes
HOW goals will be accomplished. Provides detailed deliverables, timelines, milestones
and report requirements. May be used by external and internal stakeholders.
Assignment - Correct Answers -Transfer of contractual rights from one party to another
party.
Best Interests of the State - Correct Answers -Most advantageous to the State in light of
all relevant circumstances.
Centralized Master Bidders List (CMBL) - Correct Answers -An online directory,
maintained by SPD, containing contact information and product categories of vendors
registered to receive procurement opportunities from public entities.
Closing Date/Opening Date - Correct Answers -The date and time that offers or
proposals are due in response to a solicitation. *Terms used interchangeably.
Commodity - Correct Answers -Supplies, materials, or equipment.
Competitive Sealed Bidding - Correct Answers -Process of advertising an IFB, the
evaluation of the submitted bids, and awarding of the contract in accordance with state
law.
Competitive Sealed Proposals - Correct Answers -Process of advertising an RFP, the
evaluation of sealed proposals, and awarding of the contract in accordance with state
law.
Delegated Purchase - Correct Answers -A purchase made by the agency under the
authority of the SPD and subject to SPD rules and procedures.
, Electronic State Business Daily (ESBD) - Correct Answers -An online application,
administered by SPD, that publishes solicitations for the purpose of informing vendors
of procurement opportunities and provides public notice of contract awards.
Goods - Correct Answers -Supplies, materials, or equipment.
Historically Underutilized Business (HUB) - Correct Answers -A business as defined by
Chapter 2161 of the Texas Government Code and 34 TAC Section 20.282.
Generally, a Texas based business that is 51% or greater owned by women, Black
Americans, Hispanic Americans, Asian Pacific Americans, Native Americans, and/or
veterans.
Informal Solicitation - Correct Answers -An unsealed competitive solicitation used to
obtain offers to be submitted verbally or in writing for purchases with a value of $25,000
or less.
Inspection - Correct Answers -Examination and/or testing of merchandise to determine
whether it has been received in the proper quantity and condition and to verify that it
conforms to the applicable specifications.
Invitation for Bids (IFB) - Correct Answers -A written solicitation requesting the
submission of bids.
Inspection Report - Correct Answers -A report made as a result of the agency's
inspection, informing the buyer of a product's compliance with advertised specifications.
Invoice - Correct Answers -Document from a contractor requesting payment for goods
delivered and/or services rendered.
Interagency Contract - Correct Answers -Written understanding between two or more
agencies as authorized by Chapter 771 of the Texas Government Code.
Interlocal Contract - Correct Answers -Written understanding between local government
entities, a local government entity and federally recognized Indian tribe, or a local
government entity and a state agency of Texas or another state.
Liquidated Damages - Correct Answers -A specified contract provision that entitles the
state to demand a set monetary amount determined to be fair and equitable repayment
to the state for loss of service due to a contractor's failure to meet contract
requirements.
Notice of Award - Correct Answers -An official notice of a. executed contract. For SPD,
may refer to a letter signed by the Deputy Comptroller or designee which creates a
contract.
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