Ctcm exam 2 - Study guides, Class notes & Summaries

Procurement Method Determination - correct answer Step 2 of identifying the appropriate procurement method and if applicable issue a solicitation. Procurement Planning - correct answer Step 1 of defining the business need and establish the procurement objectives. Contract Management - correct answer 5th step of administer and enforce the terms of the contract. Contract formation and award - correct answer 4th step ensure that the awarded contract complies with applicable procure...

CTCM Exam 2 with correct Answers

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 - ...

Purchasing - ANSWER-The receipt and processing of requisitions, development of specifications, development of SOW, issuance of purchase orders against existing statewide, cooperative, or agency contracts, and the verification of the inspection of merchandise or receipt of services by the agency. The term does not include the development of solicitations and contract awards that must be posted on ESBD or in the Texas Register. Contract Development - ANSWER-Actions taken prior to contract execu...

Vendor Communication consists of all of the following except. A. Avoids situations that could appear to show favoritism to a specific vendor B. is constant throughout the life of a contract C. Allows communication by the end user during solicitation as long as they communicate to all vendors D. Is allowable and unallowable depending on the circumstance. - correct answer C. Allows communication by the end user during solicitation as long as they communicate to all vendors The Statewide P...

CTCM EXAM 2024 QUESTIONS AND GOLDEN TIPS ANSWERS 100% VERIFIED ANSWERS GRADED A+

CTCM Exam 2 Questions With Complete Solutions

contract value - ANSWER-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? - ANSWER-4 + (4+4+4 renewals) = 16 million What is SPD? - ANSWER-State Procurement Division - Delegates purchasing authority to state agencies for non IT goods & services What is Purchasing authority? - ANSWER-The ability of an ...

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