Exam (elaborations)
CTCM Exam Prep Questions and Answers
- Course
- Institution
CTCM Exam Prep Questions and Answers
[Show more]
Content preview
CTCM Exam Prep Questions andAnswers
What is SPD? - Correct Answers -Statewide Procurement Division
Define Contract Value - Correct Answers -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? - Correct Answers -$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? - Correct Answers -$1.5 million
What does SPD do? - Correct Answers -It is the entity that delegates purchasing
authority to state agencies for non-IT goods and services.
Does SPD give purchasing authority for IT goods and services? - Correct Answers -No
What does the Office of Vehicle & Fleet Management do? - Correct Answers -Assists
state agencies in managing their vehicle fleet.
What does the Statewide Travel Management Program do? - Correct Answers -
Manages travel expenditures, monitors travel activity, and provides discounted travel
services.
What does the Statewide Mail Operations program do? - Correct Answers -Processes
approximately 14-17K pieces of mail daily.
What does HUB stand for? - Correct Answers -Historically Underutilized Business
Program
When are HUB businesses considered for subcontracting? - Correct Answers -
Subcontracting opportunity for any procurement with an estimated contract value of
$100,000 or greater.
, What does POD stand for? - Correct Answers -Procurement Oversight and Delegation
Portal
What does the Procurement Oversight and Delegation Portal (POD) do? - Correct
Answers -Conducts solicitation reviews and delegates purchasing authority to state
agencies for service solicitations valued over $100,000.
What does CAT stand for? - Correct Answers -Contract Advisory Team
What does the Contract Advisory Team do? - Correct Answers -Reviews and makes
recommendations on solicitations with an estimated value of at least $5 million.
When should solicitations and Notices of Awards for contracts be posted on the
Electronic State Business Daily (ESBD)? - Correct Answers -When the value of the
contract approaches $25,000. It's required for any contract over $25,000.
What does VPST stand for? - Correct Answers -Vendor Performance Tracking System
When are agencies required to report on the VPTS? - Correct Answers -Within 30 days
of contract completion or termination if the value is over $25,000.
When are Vendor Performance Reports required for contracts valued over $5 million? -
Correct Answers -Annually and at each key milestone.
When can you extend a contract subject to the $5 million dollar VPTS reporting? -
Correct Answers -Only after the applicable vendor performance reports have been
submitted to VPTS.
When is the Agency Procurement Plan due? - Correct Answers -Due annually by
November 30th.
A person is classified in having a substantial interest in a business entity of that person:
- Correct Answers -Has a controlling interest. Owns more than 10% of the voting
interest. Owns more than $25,000 of the fair market value. Is a member of the board of
directors or other governing board. Has a direct or indirect participating interest by
shares, stock, or otherwise, regardless of whether voting rights are included, in more
than 10 percent of the profits, proceeds, or capital gains.
What are the two types of Nepotism? - Correct Answers -Consanguinity and Affinity
What Nepotism relationships are defined by Affinity? - Correct Answers -Includes an
officials or employee's spouse and individuals related to the spouse.
What Nepotism relationships are defined by Consanguinity? - Correct Answers -
Includes individuals related by blood to the official or employee.
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 Gordones22. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now