Ctcm spd exam 2024 - Study guides, Class notes & Summaries

CTCM LATEST EXAM 2023/2024 Contracts $100,000 or more Must go to POD - Procurement Oversight & Delegation; HUB subcontracting probable Statewide Procurement Division (SPD) the central authority for state agencies for procurement guidance, education, statewide contract development services, and delegation of purchasing authority. Statewide Procurement Policy and Outreach used by state agencies Contract Advisory Team-Review and Delegation (CAT-RAD) Program conducts solicitation reviews a...

CTCM Exam Prep Questions With Correct Answers What is SPD? - answerStatewide Procurement Division Define Contract Value - answerThe initial value of the contract, plus any amendments, renewals, and extensions for the contract's full existence. What is the contract value for a contract with an initial value of $2 million, with 3 optional annual renewals of the same amount? - answer$8 million What is the contract value for a contract with an initial value of $500,000, with 2 optional annua...

CTCM EXAM 2024 QUESTIONS AND ANSWERS 100% VERIFIED ANSWERS GRADED A+ • 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 ...

CTCM Exam Questions With Correct Answers Contracts $100,000 or more - answerMust go to POD - Procurement Oversight & Delegation; HUB subcontracting probable Statewide Procurement Division (SPD) - answerthe central authority for state agencies for procurement guidance, education, statewide contract development services, and delegation of purchasing authority. Statewide Procurement Policy and Outreach - answerused by state agencies Contract Advisory Team-Review and Delegation (CAT-RAD) Pro...

CTCM (SPD Exam Study Guide) UPDATED 2024 Procurement Roles Purchasing, contract development and contract management Purchasing Receipt and processing of requisitions, issuance of purchase orders against existing contracts, and verification of inspection of merchandise or receipt of services. Does NOT include development of solicitations or awards that must be posted to ESBD Contract Development Processing of requisitions, need assessments, development of specs, development of SOWs, selec...

CTCM EXAM WITH 100% SOLUTIONS RATED A+ // 2024/2025 LATEST UPDATE What is Delegation of Purchasing Authority? - ANS-Assigning purchasing authority to an agency What does the Scope of Work include? - ANS-- Clear & Thorough description of the products and services to be provided by the vendor - Vendor's responsibilities - Constraints on the vendor - Agency's responsibilities - Evaluation of Vendor Performance Deliverables def - - ANS-A measurable task or outcome (product or se...

CTCM EXAM 2024 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 Statew...