Exam (elaborations)
CTCM Exam Spring Exam Questions with correct Answers
- Course
- Institution
CTCM Exam Spring Exam Questions with correct Answers
[Show more]
Content preview
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.
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)
75632 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now