Ctcm contract management - Study guides, Class notes & Summaries

CTCM Exam Prep Latest Version (2024/2025) Rated A+ What does SPD represent? Statewide Procurement Division How is Contract Value defined? It refers to the original value of the contract, including any modifications, renewals, and extensions throughout the contract's duration. What is the total contract value for an agreement that starts at $2 million, with three optional annual extensions of the same amount? $8 million If a contract begins at $500,000 and has two optional...

CTCM EXAM 2023 Centralized Master's Bidders List Master database that provides Texas procurement professionals the ability to foster competition between vendors. State Travel Management Program Manages travel expenditures, including hotel, car rentals, airlines, and travel agencies. Policy and Outreach Conducts policy research, training, certification, and customer support services. Agency Procurement Plans This plan must be submitted by November 30th annually. Texas SmartBuy Statewi...

CTCM Certification Exam Study Guide Questions with Correct Answers 100% Verified Contract Value - Correct Answer The initial value of the contract, plus any amendments, renewals and extensions for the contract's full existence. Statewide Procurement Division (SPD) - Correct Answer The entity that delegates purchasing authority to state agencies for non-IT goods and services, Purchasing authority - Correct Answer The ability of an agency to purchase goods and services using state funds....

Steps in Contract Management Framework - Answer Plan; Procurement; Contract Formation/Rate/Price Establishment; Contract Oversight Contract Administrator(CA) vs. Contract Manager(CM) - Answer Not the same but very similiar CA - responsible for post award CM - is responsible for all functions of contract mgmt. What are "resources" a contract mgmt plan should have? - Answer Executives, CM, CA Procurement Process - Answer Need defined: End User: CM and Purchaser Procurement Me...

CTCM - Certified Texas Contract Management Latest 2023 Graded A+ Contract Management The entire process from planning through contract administration Contract Manager oversees & manages the entire process - • Project planning & budget • Specific development • Review & evaluation of solicitation responses • Assuring contract rates/pricing are within budget • Contract award Contract Administrator responsible for the post award functions • Relationship management • Implementing & mo...

CTCM - CERTIFIED TEXAS CONTRACT MANAGEMENT TEST RATED 100% CORRECT

2024/2025 CTCM LATEST CERTIFICATION EXAM WITH 300 PRACTICE QUESTIONS AND CORRECT ANSWERS/ CERTIFIED TEXAS CONTRACT MANAGEMENT CERTIFICATION TEST 2024 PRACTICE (NEW!!)

CTCM - Certified Texas Contract Management Exam Questions and Answers