NCMA CCMA STUDY GUIDE QUESTIONS AND ANSWERS 2024/25

NCMA CCMA STUDY GUIDE QUESTIONS AND ANSWERS 2024/25 The actions of a contract manager to develop solicitations, develop offers, form contracts, perform contracts, and close contracts. - ANSWER Contract Management The authorized representative or agent for a contracting party. - ANSWER Contract Manager A mutually binding legal relationship obligating the seller to furnish supplies or services and the buyer to provide consideration in exchange for them. - ANSWER Contract The execution of the terms of a contract. - ANSWER Contract performance For contract management, these principles apply to all contract managers in all phases of the contract life cycle. - ANSWER Guiding Principles The phases of a contract: pre-award, award, and post-award. - ANSWER Contract Life Cycle Phases