Ctcm spd exam 2024 - Study guides, Class notes & Summaries

CTCM Exam 2024 Questions and Answers 100% VerifiedCTCM Exam 2024 Questions and Answers 100% VerifiedCTCM Exam 2024 Questions and Answers 100% Verified 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 Procureme...

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 (SPD Exam Study Guide 2024) with Complete SolutionsCTCM (SPD Exam Study Guide 2024) with Complete SolutionsCTCM (SPD Exam Study Guide 2024) with Complete SolutionsCTCM (SPD Exam Study Guide 2024) with Complete Solutions Procurement Roles - ANSWER-Purchasing, contract development and contract management Purchasing - ANSWER-Receipt and processing of requisitions, issuance of purchase orders against existing contracts, and verification of inspection of merchandise or receipt of services. D...

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...

CTCM Exam 2024 Questions and Answers (Graded A)CTCM Exam 2024 Questions and Answers (Graded A)CTCM Exam 2024 Questions and Answers (Graded A)CTCM Exam 2024 Questions and Answers (Graded A)CTCM Exam 2024 Questions and Answers (Graded A)Contracts $100,000 or more - ANSWER-Must go to POD - Procurement Oversight & Delegation; HUB subcontracting probable Statewide Procurement Division (SPD) - ANSWER-the central authority for state agencies for procurement guidance, education, statewide contract de...

CTCD EXAM 2024 QUESTIONS AND ANSWERS ALREADY PASSED What is the role of the TEXAS COMPTROLLER OF PUBLIC ACCOUNTS? The Texas Comptroller serves as the state's tax collector and treasury manager. It handles state accounting, forecasts revenue, supports purchasing activities, oversees procurement, and manages statewide term contracts utilized by over 200 state agencies and universities. What does the term "Purchaser Role" refer to? This term describes the administrative or procedu...

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 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...

CTCD EXAM 2024 LATEST UPDATE QUESTIONS AND VERIFIED ANSWERS BY EXPERT RATED 100% PASS TEXAS COMPTROLLER OF PUBLIC ACCOUNTS State tax collector and treasury State accountant Revenue estimation and forecast Purchasing support and procurement oversight Statewide term contracts for use by over 200 state agencies and universities Purchaser Role: The term refers purchasing to the mechanical or administrative process of how goods and services are ordered. Contract Developer Role: This term ...

CTCM - Certified Texas Contract Management Exam 2023/2024 Graded A+. Certified Texas Contract Manager - ANSWER-• professional title containing the "contract" • contract management duties 50% or more • Manages any contract in excess of $5,000,000. Statewide Procurement Division (SPD) is the central authority for state agencies in procurement for: - ANSWER-- Procurement guidance - Education - Statewide contract development services - Delegation of purchasing authority What does S...