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Exam (elaborations)

CTCM Exam Questions and Correct Answers the Latest Update and Recommended Version

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  • Course
  • CTCM
  • Institution
  • CTCM

contract value Initial Value of the contract, plus any amendments, renewals and extensions for the contract's full existence A contract with an initial value of $4 million, with 3 optional annual renewals of the same amount. What is the contract value? 4 + (4+4+4 renewals) = 16 million Wh...

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  • October 23, 2024
  • 22
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • CTCM
  • CTCM
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CTCM Exam Questions and Correct
Answers the Latest Update and
Recommended Version
contract value

✓ Initial Value of the contract, plus any amendments, renewals and extensions for the
contract's full existence


A contract with an initial value of $4 million, with 3 optional annual renewals of the same

amount. What is the contract value?

✓ 4 + (4+4+4 renewals) = 16 million


What is SPD?

✓ State Procurement Division - Delegates purchasing authority to state agencies for non IT
goods & services


What is Purchasing authority?

✓ The ability of an agency to purchase goods & services using state funds


What is Delegation of Purchasing Authority?

✓ Assigning purchasing authority to an agency


Statewide Contract Development Team does what?

✓ Develop & administer over 250 statewide contracts


Statewide Contract Development Team develops


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✓ Term, managed, and TXMAS contracts


Statewide Contract Development Team processes

✓ Open Market Requisitions on behalf of the state


Which contracts do Statewide Contract Development team assist with?

✓ Term, Managed, and TXMAS


Statewide contract management team assists with day to day

✓ Contract management


Statewide contract management team assists with managing

✓ Term, managed, and TxMAS contracts


Statewide contract management team assists with contract

✓ Administration


Statewide contract management team assists with reporting

✓ Requirements


Statewide contract management team assists with vendor

✓ Performance issues


Statewide Mail Operations



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✓ Processes approx 14-17K pieces of mail per day


Office of Vehicle & Fleet management - def

✓ Assists state agencies in managing their vehicle fleet


Statewide Travel Management Program monitors

✓ travel activity


Statewide travel management program manages

✓ Travel expenditures


Statewide travel management program provides

✓ Discounted travel services


HUB promotes

✓ Full and equal business opportunities


HUB is a subcontracting opportunity for

✓ Any procurement with an estimated contract value of 100,000 or greater


Define HUB

✓ Historically Underutilized Business Program
✓ - Promotes full and equal business opportunities
✓ - Subcontracting opportunity for any procurement with an estimated contract value of
$100,000 or greater



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