CTCM Exam Prep July Latest Update -

CTCM Exam Prep (July ) Latest Update - Actual Exam 150 Questions and 100% Verified Correct Answers Guaranteed A+

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

A payment is considered overdue on the 31st day after - CORRECT ANSWER: The receipt of the goods/performance of the services; and Receipt of the true and correct invoice for the goods or services

A person is classified in having a substantial interest in a business entity if that person: - CORRECT

ANSWER: Has a controlling interest

Owns more than 10 percent of the voting interest Owns more than $25,000 of the fair market value Is a member of the board of directors or other governing board Has a direct or indirect participating interest by shares, stock, or otherwise, regardless of whether voting rights are included, in more than 10 percent of the profits, proceeds, or capital gains Serves as an elected officer Is an employee of the business entity

Affinity - CORRECT ANSWER: Includes an officials' or employee's spouse

and individuals related to the spouse

Agency Contract Management Handbook - CORRECT ANSWER: - Each agency must publish a handbook that complies with purchasing accountability and risk analysis procedures

• Establishes consistent policies and practices

Agency Contract Management Procedures - CORRECT ANSWER: Each agency must develop and comply with a purchasing accountability and risk analysis procedure. 1 / 3

Post it to the agency website and send to [email protected]

Agency Procurement Plans - CORRECT ANSWER: Due annually by November 30th.

Plan that identifies its management controls and purchasing oversight authority in accordance with the policy guidance contained in the Guide.

Appearance of Impropriety - CORRECT ANSWER: should also conduct themselves in a manner that avoids even the appearance of impropriety.

Perception of favortism or something

Applications Supported by SPD - CORRECT ANSWER: VPTS

TXMAS Texas Smart Buy CMBL

Assignment - Replacement Contractor - CORRECT ANSWER: Contract Manager's Responsibilities Keep the State's Interest in Mind Perform Due Diligence

Assignment by Contractor: - CORRECT ANSWER: Assignment occurs when one party to a contract (assignor) transfers its rights under a contract to another party (assignee).

At what dollar amount are you required to report on the VPTS? - CORRECT ANSWER: $25,000

Benefits of Post Award Conference - CORRECT ANSWER: • Familiarity with procurement process • Smooth transition from CD to CM • Roles and responsibilities are well defined • Ensure the contract is set for success 2 / 3

Best Value For The State - CORRECT ANSWER: Purchase price & meeting specifications are principal factors

Must be balanced with other factors such as:

• Quality & reliability
• Installation cost
• Vendor's experience

Bilateral Amendments - CORRECT ANSWER: Substantive Changes

Constructive Changes

Bribery - CORRECT ANSWER: Occurs if a person intentionally or knowingly offers, confers, or agrees to confer on another, or solicits, accepts or agrees to accept any benefit as consideration for a violation of a public servant's legal duty or a public servant's decision, opinion, recommendation, vote, or any other exercise of discretion.

You finna end up in jail lol

Centralized Master Bidders List (CMBL) - CORRECT ANSWER: Online directory that provides public procurement professionals the ability to foster competition between vendors.

Over $10,000 - $25,000 = Must solicit three active vendors on the CMBL (two HUB).

Over $25,000 = Must solicit all eligible vendors on the list that serves the geographic region.

A copy of the bid list (with date) must be placed in the procurement file.

Change Control - CORRECT ANSWER: An effective change management process includes, but is not

limited to the following:

Formal, written approval of all changes prior to the change taking place Evaluation of the impact of each change to the contracting objective

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