Ctcm certification Study guides, Class notes & Summaries

Purchasing - ANSWER-The receipt and processing of requisitions, development of specifications, development of statement of work, the issuance of purchase orders against existing statewide, cooperative or agency, contracts, and the verification of the inspection of merchandise on receipt of services by the agency. Contract Development - ANSWER-The term applies to actions taken prior to contract execution, including the receipt and processing of requisitions, assessment of need, development and...

CTCM CERTIFICATION EXAM 2024| WITH 300+ ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS| A+ GUARANTEED A contract with an initial value of $4 million, with three (3) optional, annual renewals of the same amount. What is the contract value? Include formula for the answer. - CORRECT ANSWER: Initial + Renewals (4) + (4+4+4) = $16 Million A contract with an initial value of $200,000, with two (2) optional, annual renewals of the same amount. What is the contract value? Include the formula in your...

CTCM Certification Exam Questions and Answers Solved 100%. Purchasing - ANSWER-The receipt and processing of requisitions, development of specifications, development of statement of work, the issuance of purchase orders against existing statewide, cooperative or agency, contracts, and the verification of the inspection of merchandise on receipt of services by the agency. Contract Development - ANSWER-The term applies to actions taken prior to contract execution, including the receipt and p...

CTCM Certification Exam Questions and Answers Solved 100%. Purchasing - ANSWER-The receipt and processing of requisitions, development of specifications, development of statement of work, the issuance of purchase orders against existing statewide, cooperative or agency, contracts, and the verification of the inspection of merchandise on receipt of services by the agency. Contract Development - ANSWER-The term applies to actions taken prior to contract execution, including the receipt and p...

CTCM Certification Exam Questions and Answers Solved 100%. Purchasing - ANSWER-The receipt and processing of requisitions, development of specifications, development of statement of work, the issuance of purchase orders against existing statewide, cooperative or agency, contracts, and the verification of the inspection of merchandise on receipt of services by the agency. Contract Development - ANSWER-The term applies to actions taken prior to contract execution, including the receipt and p...

Contract Value - ANSWER-The initial value of the contract, plus any amendments, renewals and extensions for the contract's full existence. Statewide Procurement Division (SPD) - ANSWER-The entity that delegates purchasing authority to state agencies for non-IT goods and services, Purchasing authority - ANSWER-The ability of an agency to purchase goods and services using state funds. Delegation of purchasing authority - ANSWER-Assigning purchasing authority to an agency Texas Departm...

CTCM CERTIFICATION EXAM WITH 200 EXAM PRACTICE QUESTIONS AND CORRECT VERIFIED ANSWERS GRADED A/ 2024 CERTIFIED TEXAS CONTRACT MANAGEMENT CERTIFICATION EXAM LATEST UNTIL NOW GRADED A

Purchasing - ANSWER-The receipt and processing of requisitions, development of specifications, development of statement of work, the issuance of purchase orders against existing statewide, cooperative or agency, contracts, and the verification of the inspection of merchandise on receipt of services by the agency. Contract Development - ANSWER-The term applies to actions taken prior to contract execution, including the receipt and processing of requisitions, assessment of need, development and...

Purchasing - ANSWER-The receipt and processing of requisitions, development of specifications, development of statement of work, the issuance of purchase orders against existing statewide, cooperative or agency, contracts, and the verification of the inspection of merchandise on receipt of services by the agency. Contract Development - ANSWER-The term applies to actions taken prior to contract execution, including the receipt and processing of requisitions, assessment of need, development and...

CTCM Certification Exam Questions and Answers