CTCM PRACTICE EXAM 2026 QUESTIONS
AND VERIFIED ANSWERS 100% CORRECT
● 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 of the same amount? Answer:
$8 million
● What is the contract value for a contract with an initial value of
$500,000, with 2 optional annual renewals of the same amount? Answer:
$1.5 million
● What does SPD do? Answer: It is the entity that delegates purchasing
authority to state agencies for non-IT goods and services.
● Does SPD give purchasing authority for IT goods and services?
Answer: No
● What does the Office of Vehicle & Fleet Management do? Answer:
Assists state agencies in managing their vehicle fleet.
, ● What does the Statewide Travel Management Program do? Answer:
Manages travel expenditures, monitors travel activity, and provides
discounted travel services.
● What does the Statewide Mail Operations program do? Answer:
Processes approximately 14-17K pieces of mail daily.
● What does HUB stand for? Answer: Historically Underutilized
Business Program
● When are HUB businesses considered for subcontracting? Answer:
Subcontracting opportunity for any procurement with an estimated
contract value of $100,000 or greater.
● What does POD stand for? Answer: Procurement Oversight and
Delegation Portal
● What does the Procurement Oversight and Delegation Portal (POD)
do? Answer: Conducts solicitation reviews and delegates purchasing
authority to state agencies for service solicitations valued over $100,000.
● What does CAT stand for? Answer: Contract Advisory Team
AND VERIFIED ANSWERS 100% CORRECT
● 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 of the same amount? Answer:
$8 million
● What is the contract value for a contract with an initial value of
$500,000, with 2 optional annual renewals of the same amount? Answer:
$1.5 million
● What does SPD do? Answer: It is the entity that delegates purchasing
authority to state agencies for non-IT goods and services.
● Does SPD give purchasing authority for IT goods and services?
Answer: No
● What does the Office of Vehicle & Fleet Management do? Answer:
Assists state agencies in managing their vehicle fleet.
, ● What does the Statewide Travel Management Program do? Answer:
Manages travel expenditures, monitors travel activity, and provides
discounted travel services.
● What does the Statewide Mail Operations program do? Answer:
Processes approximately 14-17K pieces of mail daily.
● What does HUB stand for? Answer: Historically Underutilized
Business Program
● When are HUB businesses considered for subcontracting? Answer:
Subcontracting opportunity for any procurement with an estimated
contract value of $100,000 or greater.
● What does POD stand for? Answer: Procurement Oversight and
Delegation Portal
● What does the Procurement Oversight and Delegation Portal (POD)
do? Answer: Conducts solicitation reviews and delegates purchasing
authority to state agencies for service solicitations valued over $100,000.
● What does CAT stand for? Answer: Contract Advisory Team
