CTCM Contract Management1 exam 2023/2024 with 100% correct answers

Contract Management Certification - correct answer Certified Texas Contract Management Three (3) required classes 1. Contract Management 2. Project Management 3. Negotiations Pass certification test with score of 70% or better Apply for Certification Definition of a Contract - correct answer Legal, written document to exchange goods or services for consideration (compensation) What is Contract Management - correct answer The entire contracting process from planning through contract administration Contract Management Framework (Plan) - correct answer Identify contracting objective and strategy Contract Management Framework (Procurement) - correct answer Fairly and objectively select the most qualified contractors Contract Management Framework (Contract Formation/Rate and Price Establishment) - correct answer Ensure the contract contains provisions that hold the contractor accountable for producing desired results, include all relevant terms and conditions as well as establish processes that are cost-effective and aligned with the cost of providing the goods and services Contract Ma