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CTCM Exam Contract Management Latest Update Actual Exam Questions and 100% Verified Correct Answers Guaranteed A+

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 Method Sel...

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

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. - answer-C. Allows communication by the end user during solicitation as long as they communicate to all vendors Procurement consists of the...

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 Method Sel...

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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 Exam Questions and Answers Latest Update Already Passed Integrative - Answers win-win o Each party has a vested interest in the issue and the relationship with all parties o Look for mutual gains Distributive - Answers win-lose o Issues matter more than the relationship lose-lose - Answers Usually when everything starts going south in a negotiation- either you have rubbed the other party the wrong way or they have done something to prevent you from coming to an agreement negotiation...