Tcm exam - Study guides, Class notes & Summaries

CTCM Exam Prep Questions and Answers

CTCM Exam Questions With Revised Correct Answers <Latest Update> 1) An Invitation for Bid consists of all of the following except: A. Based on the lowest bid. B. Must meet the minimum specification C. Allows for negotiations - ANSWER negotiations 2) TXMAS contracts are also known as C. Allows for A. Texas Multiple Award Schedule contracts B. Texas Managed Automated Scheduled contracts C. Texas Mass Awarded Contracts D. Texas Multiple Available Sourced contra...

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 ...

CTCM Exam Questions With Revised Correct Answers <Latest Update> 1) Contract Value - ANSWER the initial value of the contract, plus any amendments, renewals and extensions for the contract's full existence. 2) A contract with an initial value of $2 million, with three (3) optional, annual renewals of the same amount. What is the contract value? - ANSWER 8 Million 3) SPD - ANSWER entity that delegates purchasing authority to state agencies for non-I...

Contract Value - ANSWER-the initial value of the contract, plus any amendments, renewals and extensions for the contract's full existence. A contract with an initial value of $2 million, with three (3) optional, annual renewals of the same amount. What is the contract value? - ANSWER-8 Million SPD - ANSWER-entity that delegates purchasing authority to state agencies for non-IT goods and services. Purchasing Authority - ANSWER-ability of an agency to purchase goods and services using st...

CTCM EXAM LATEST QUESTIONS & ANSWERS ALREADY PASSED!! 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. C. Allows communication by the end user during solicitation as long as they commun...

CTCM Exam Questions with correct Answers

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...

Procurement Roles - correct answer Purchasing, contract development and contract management Purchasing - correct answer 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 - correct answer Processing of requisitions, need assessments, development of specs, development ...

CTCM Exam Questions and Answers