CTCD March 2023 Questions With Complete Solutions.

CTCD March 2023 Questions With Complete Solutions. What is the dollar threshold for a Spot Purchase? <$10K Contracts over this amount are required to be posted on ESBD. $25K What is Purchasing Authority? The ability of an agency to purchase goods and services using state funds. What is Delegation of Purchasing Authority? Assigning purchasing authority to an agency. How many vendors must be solicited for CMBL purchases that are over $10K and up to $25K? 3 (2 of them must be HUB vendors) How many vendors must be solicited for CMBL purchases greater than $25K? All vendors within the geographic region What is the timeframe for reporting to the VPTS? 30 days Contracts over this value require a report to the VTPS >$25K For contracts valued over $5M, when is a report to VTPS required? Each year and at every milestone For contracts above this value, a non-report to the VTPS prevents the contract from being extended until the VTPS report is submitted