CTCM Exam Prep Latest Version (2024/2025) Rated A+

CTCM Exam Prep Latest Version (2024/2025) Rated A+ What does SPD represent? Statewide Procurement Division How is Contract Value defined? It refers to the original value of the contract, including any modifications, renewals, and extensions throughout the contract's duration. What is the total contract value for an agreement that starts at $2 million, with three optional annual extensions of the same amount? $8 million If a contract begins at $500,000 and has two optional yearly renewals of the same amount, what is the total contract value? $1.5 million What role does SPD play? 2 It is responsible for granting purchasing authority to state agencies for non-IT products and services. Does SPD handle purchasing authority for IT products and services? No What is the function of the Office of Vehicle & Fleet Management? It supports state agencies in overseeing and managing their vehicle fleets. What is the purpose of the Statewide Travel Management Program? It oversees travel expenses, tracks travel activities, and offers discounted travel services. What does the Statewide Mail Operations program do? It handles around 14,000 to 17,000 pieces of mail daily. What does HUB signify? Historically Underutilized Business Program 3 Under what circumstances are HUB businesses considered for subcontracting opportunities? For any procurement with an estimated value of $100,000 or more. What does POD stand for? Procurement Oversight and Delegation Portal What is the function of the Procurement Oversight and Delegation Portal (POD)? It reviews solicitations and grants purchasing