CTCM Exam Prep (May 2025) Newest 2025/2026
QUESTIONS WITH SOLVED ANSWERS CORRECT.
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.
Post it to the agency website and send to
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
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
Develop a plan for contingency allowances
Documentation of all changes
Establish a single point of contact
Common Insurance policies are: - CORRECT ANSWER✅✅Commercial General
Liability
Professional Liability
Workers' Compensation
Automobile
Warranties
Complex Procurements: - CORRECT ANSWER✅✅Prescribed Forms
Minimum review periods
Named individuals with approved authority.
Conflict of Interest Disclosure Form - CORRECT ANSWER✅✅Agency Specific - for
employees who are involved in procurement or in contract management for a state
agency
Consanguinity - CORRECT ANSWER✅✅Includes individuals related by blood to the
official or employee
Constructive Changes - CORRECT ANSWER✅✅when contractor perceives that work
beyond the scope of the contract was ordered by agency, may request for additional
compensation
Contract Advisory Team (CAT) - CORRECT ANSWER✅✅Section of SPD that reviews
solicitations worth $5Million+ and consists of representatives from multiple agencies.
Solicitations that require CAT review must be submitted through the POD portal
Reviews may take up to 30 days to complete.
Expedited reviews dependent on SAO Enhanced Contract Monitoring ranking.
QUESTIONS WITH SOLVED ANSWERS CORRECT.
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.
Post it to the agency website and send to
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
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
Develop a plan for contingency allowances
Documentation of all changes
Establish a single point of contact
Common Insurance policies are: - CORRECT ANSWER✅✅Commercial General
Liability
Professional Liability
Workers' Compensation
Automobile
Warranties
Complex Procurements: - CORRECT ANSWER✅✅Prescribed Forms
Minimum review periods
Named individuals with approved authority.
Conflict of Interest Disclosure Form - CORRECT ANSWER✅✅Agency Specific - for
employees who are involved in procurement or in contract management for a state
agency
Consanguinity - CORRECT ANSWER✅✅Includes individuals related by blood to the
official or employee
Constructive Changes - CORRECT ANSWER✅✅when contractor perceives that work
beyond the scope of the contract was ordered by agency, may request for additional
compensation
Contract Advisory Team (CAT) - CORRECT ANSWER✅✅Section of SPD that reviews
solicitations worth $5Million+ and consists of representatives from multiple agencies.
Solicitations that require CAT review must be submitted through the POD portal
Reviews may take up to 30 days to complete.
Expedited reviews dependent on SAO Enhanced Contract Monitoring ranking.
