Txmas Study guides, Class notes & Summaries

what does spd stand for? - answer- statewide procurement division what 5 divisions does spd encompass? - answer- contract development, contract management, procurement & policy outreach, hub, statewide fleet, travel & mail initial value of $5m with 3 optional renewals. contract value? - answer- $20m spd delegation by rule includes - answer- purchases of $5k or less - spot po one time purchases of goods $50k or less purchases of services of $100k or less direct publications perishabl...

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...

Vendor Communication - Answer Communication between vendors and public procurement professionals is vital and encouraged. All communication must cease once the solicitation drafting process commences to ensure integrity of procurement. There are allowable and unallowable vendor-procurement interactions. Surplus Programs - Answer Purchasing Goods, go here first. Federal surplus: comes from US govt, no public sales, usually lower fees than state. State surplus: Property from state agencies,...

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...

the procurement cycle correct answer: 1. procurement planning 2. procurement method determination 3. vendor solicitation 4. contract formation and award 5. contract management Fundamentals of procurement correct answer: 1. fairness/transparency 2. best value for the state 3. own the mission 4. good steward of public records Texas Comptroller of Public Accounts correct answer: State tax collector, treasurer, accountant, develops and manages statewide contracts purchasing correct answe...

CTCD 2023 Exam || Questions & Answers (100% Accurate) CTCD 2023 Exam || Questions & Answers (100% Accurate) What is VPTS? - ANSWER - Vendor Performance Tracking System Allows agencies to score vendors, track vendor performance, and provides information to contract developers. The VPTS collects vendor performance reports from agencies. VPTS thresholds and requirements - ANSWER - Agencies are required by statute to report on the VPTS. *Reports are required w/in 30 days of contrac...

Procurement Roles correct answer: 1) Purchasing 2) Contract Development 3) Contract Management Purchasing correct answer: The receipt and processing of requisitions, development of specifications, development of SOW, the issuance of PO's against existing statewide, cooperative or agency contracts, and the verification of the inspection of merchandise or receipt of services by the agency. DOES NOT INCLUDE development and solicitation and contract awards that must be posted to ESBD. Contr...

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...

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...

CTCD 2023 (To study for CTCD exam) Already Passed!! Texas SmartBuy Online Ordering System Statewide Contracts for non-IT goods and services: -Set-Aside (TCI & WorkQuest) -Term contracts -Managed contracts -TXMAS contracts Contract Value The initial value of the contract, INCLUDING anticipated extensions and renewals for the contract's full existence. Purchasing Authority The ability of an agency to purchase goods and services using state funds. Delegation of Purchasing Authority A...