CTCM (SPD Exam Study Guide 2024) with Complete Solutions!

Procurement Roles - ANSWER-Purchasing, contract development and contract management Purchasing - ANSWER-Receipt and processing of requisitions, issuance of purchase orders against existing contracts, and verification of inspection of merchandise or receipt of services. Does NOT include development of solicitations or awards that must be posted to ESBD Contract Development - ANSWER-Processing of requisitions, need assessments, development of specs, development of SOWs, selection of procurement methods, solicitation posting and bid evaluation, completion of award contracts. Does NOT include invoice or audit functions. Contract Management - ANSWER-Following contract execution, includes assessment of risks, verification of contractor performance, enforcement of terms, monitoring and reporting vendor performance, ensuring practices are consistent with State of Texas Procurement and Management Guide. Contract Value - ANSWER-The initial value of the contract, including anticipated extensions and renewals for the contract's full existence Statewide Procurement Division (SPD) - ANSWER-The entity that delegates purchasing authority to state agencies for non-IT goods and services Purchasing Authority - ANSWER-The ability of a state agency to purchase goods and services using state funds Delegation of Purchasing Authority - ANSWER-Assigning purchasing authority to an agency Departments of Statewide Procurement Division (SPD) - ANSWER-1. Procurement Policy and Outreach 2. Historically Underutilized Business 3. Statewide Fleet, Travel and Mail 4. Statewide Contract Management 5. Statewide Contract Development Statewide Contract Management - ANSWER-Assists with day-to-day contract management, contract administration, reporting requirements, vendor performance issu