Tcm exam quest - Study guides, Class notes & Summaries

CTCM Exam Questions and Answers

CTCM EXAM QUESTIONS AND ANSWERS

CTCM EXAM Questions & Answers 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 agenc...

CTCM Exam Spring Exam Questions with correct Answers

Statement of Work - Answer 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 - Answer 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 - Answer Transfer of contractual rights from on...

Contracts $100,000 or more correct answer: Must go to POD - Procurement Oversight & Delegation; HUB subcontracting probable Statewide Procurement Division (SPD) correct answer: the central authority for state agencies for procurement guidance, education, statewide contract development services, and delegation of purchasing authority. Statewide Procurement Policy and Outreach correct answer: used by state agencies Contract Advisory Team-Review and Delegation (CAT-RAD) Program correct ...

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 &...

CTCM EXAM Questions & Answers 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 agenc...

CTCM EXAM Questions & Answers 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 agenc...