Ctcm exam 2 2024 Study guides, Class notes & Summaries

Certified Texas Contract Manager (CTCM) Exam Prep 2024; Questions and Answers 100% Correct Vendor Performance Tracking System (VPTS) Correct answer-Online directory that a contractor's performance must be reported to this system once a contract with a value over $25,000.00 is completed or otherwise terminated. Types of Contract Amendments Correct answer-1) Bilateral Amendments (Substantive Changes & Constructive Changes) 2) Unilateral Amendments (Administrative Changes) *And Contrac...

CTCM CERTIFICATION EXAM 2024| 300+ ACTUAL EXAM QUESTIONS WITH 100% CORRECT ANSWERS GUARANTEED A+ A contract with an initial value of $4 million, with three (3) optional, annual renewals of the same amount. What is the contract value? Include formula for the answer. - CORRECT ANSWER: Initial + Renewals (4) + (4+4+4) = $16 Million A contract with an initial value of $200,000, with two (2) optional, annual renewals of the same amount. What is the contract value? Include the formula in your respon...

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...

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 Exam Prep - Feb 2023 EXAM NEWEST 2024 ACTUAL EXAM COMPLETE 200 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+ What is SPD? - ANSWERStatewide Procurement Division Define Contract Value - 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 o...

CTCM Exam Prep (May 2023) EXAM 2024 NEWEST WITH DETAILED VERIFIED ANSWERS (100% CORRECT 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-I...

CTCM Exam Contract Management Latest Update Actual Exam Questions and 100% Verified Correct Answers Guaranteed 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 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 CERTIFICATION EXAM 2024| WITH 300+ ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS| A+ GUARANTEED A contract with an initial value of $4 million, with three (3) optional, annual renewals of the same amount. What is the contract value? Include formula for the answer. - CORRECT ANSWER: Initial + Renewals (4) + (4+4+4) = $16 Million A contract with an initial value of $200,000, with two (2) optional, annual renewals of the same amount. What is the contract value? Include the formula in your respon...

Purchasing - ANSWER-The receipt and processing of requisitions, development of specifications, development of SOW, issuance of purchase orders against existing statewide, cooperative, or agency contracts, and the verification of the inspection of merchandise or receipt of services by the agency. The term does not include the development of solicitations and contract awards that must be posted on ESBD or in the Texas Register. Contract Development - ANSWER-Actions taken prior to contract execu...