Ctcm contract management - Study guides, Class notes & Summaries

CTCM Exam Prep Latest Version (2024/2025) Rated A+ What does SPD represent? Statewide Procurement Division How is Contract Value defined? It refers to the original value of the contract, including any modifications, renewals, and extensions throughout the contract's duration. What is the total contract value for an agreement that starts at $2 million, with three optional annual extensions of the same amount? $8 million If a contract begins at $500,000 and has two optional...

CTCM EXAM 2023 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 Statewi...

CTCM Certification Exam Study Guide Questions with Correct Answers 100% Verified Contract Value - Correct Answer The initial value of the contract, plus any amendments, renewals and extensions for the contract's full existence. Statewide Procurement Division (SPD) - Correct Answer The entity that delegates purchasing authority to state agencies for non-IT goods and services, Purchasing authority - Correct Answer The ability of an agency to purchase goods and services using state funds....

Contract Management Certification - ANSWER-Certified Texas Contract Management Three (3) required classes 1. Contract Management 2. Project Management 3. Negotiations Pass certification test with score of 70% or better Apply for Certification Definition of a Contract - ANSWER-Legal, written document to exchange goods or services for consideration (compensation)

CTCM Contract Management 1 Exam Questions and Answers

Contract Management Certification - ANSWER-Certified Texas Contract Management Three (3) required classes 1. Contract Management 2. Project Management 3. Negotiations Pass certification test with score of 70% or better Apply for Certification Definition of a Contract - ANSWER-Legal, written document to exchange goods or services for consideration (compensation) What is Contract Management - ANSWER-The entire contracting process from planning through contract administration Con...

CTCM Contract Management1 Exam Questions and Answers

Contract Management Certification correct answer: Certified Texas Contract Management Three (3) required classes 1. Contract Management 2. Project Management 3. Negotiations Pass certification test with score of 70% or better Apply for Certification Definition of a Contract correct answer: Legal, written document to exchange goods or services for consideration (compensation) What is Contract Management correct answer: The entire contracting process from planning through contra...

CTCM Exam Contract Management Exam Questions and Answers

Contract Management Certification - ANSWER-Certified Texas Contract Management Three (3) required classes 1. Contract Management 2. Project Management 3. Negotiations Pass certification test with score of 70% or better Apply for Certification Definition of a Contract - ANSWER-Legal, written document to exchange goods or services for consideration (compensation) What is Contract Management - ANSWER-The entire contracting process from planning through contract administration Con...