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CTCM CERTIFICATION E XAM
STUDY GUIDE QUESTION S WITH
CORRECT ANSWERS 100%
VERIFIED
Question 1: What is Contract Value?
CORRECT ANSWER: the initial value of the contract,
plus any amendments, renewals and extensions for the contract's full existence.
Question 2: 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
Question 3: What is SPD?
CORRECT ANSWER: entity that delegates purchasing
authority to state agencies for non-IT goods and services.
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Question 4: What is Purchasing Authority?
CORRECT ANSWER: ability of an agency to purchase
goods and services using state funds
Question 5: What is Delegation of Purchasing Authority?
CORRECT ANSWER: Assigning purchasing authority
to an agency.
Question 6: What is the Statewide Contract Development
Team?
CORRECT ANSWER: Develops and administers over
250 statewide contracts representing several thousand- line items of products/services Develops Term, Managed, and TXMAS contracts Processes open market requisitions on behalf of state agencies, universities, and more than 1,600+ Texas SmartBuy members
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Question 7: What does the Statewide Contract
Management Team assist with?
CORRECT ANSWER : Day to day contract
management Managing Term, Managed and TXMAS Contracts Contract administration Reporting requirements Vendor performance issues
Question 8: What is the Office of Vehicle & Fleet
Management?
CORRECT ANSWER: Assists state agencies in
managing their vehicle fleet
Question 9: What is the Statewide Travel Management
Program?
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CORRECT ANSWER: Manages travel expenditures,
monitors travel activity, and provides discounted travel services
Question 10: What is Statewide Mail Operations?
CORRECT ANSWER: Processes approximately 14-
17K pieces of mail per day
Question 11: What is the Historically Underutilized
Business Program (HUB)?
CORRECT ANSWER: Provides opportunities to
disadvantaged groups in an effort to remedy disparity in state procurement contracting. Women owned Minority Owned Service Disabled Businesses
Question 12: What is the subcontracting opportunity for
any procurement with an estimated contract value of $100,000 or greater?