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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 Prep (May 2024) Questions and Answers (Graded A)CTCM Exam Prep (May 2024) Questions and Answers (Graded A)CTCM Exam Prep (May 2024) Questions and Answers (Graded A)CTCM Exam Prep (May 2024) Questions and Answers (Graded A) 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 co...

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CTCM Exam Prep 2024/2025; Questions and Answers 100% Correct Contract Value Correct 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? Correct answer-8 Million SPD Correct answer-entity that delegates purchasing authority to state agencies for nonIT goods and services.

CTCM Exam Prep Questions and Answers

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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 Prep 2024/2025; Questions and Answers 100% Correct What is SPD? Correct answer-Statewide Procurement Division Define Contract Value Correct answer-The 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? Correct answer-$8 million What is the contract value for a contract with an initial v...

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