Certified Texas Contract Developer (CTCD)Correct 100%

Legal Elements of a Contract - ANSWER • Offer • Acceptance • Legal Purpose • Mutuality of Obligation • Certainty of Subject Matter • Consideration • Competent Parties The essential provisions that must be included in every contract - ANSWER • Scope of work, • Financial provisions (e.g., price and payment terms), • Contract term and termination provisions, and • Identification of the contracting parties. TRUE/FALSE - After contract award, the bid tabulation must be available for release through the Texas Public Information Act. - ANSWER TRUE - After contract award, the bid tabulation must be available for release through the Texas Public Information Act. Acquisition Plan - ANSWER The objective of the Acquisition Plan is to ensure that the procurement is solicited, negotiated, executed, and managed in a way that delivers best value to the State. The Acquisition Plan identifies: - ANSWER •the procurement team (including the Contract Developer, Contract Manager, and end user), •the team's roles and responsibilities, •the schedule of events, as well as the activities necessary to ensure that the contract requirements are satisfied, •the goods and services are delivered in a timely manner, and •the financial interests of the agency are protected.