CTCM Latest Update with Verified Solutions

CTCM Latest Update with Verified Solutions For contracts valued at $100,000 or more, what process must they undergo? Such contracts must be submitted to POD (Procurement Oversight & Delegation) and may require HUB subcontracting considerations. What role does the Statewide Procurement Division (SPD) play? The SPD serves as the central authority for state agencies, offering guidance on procurement, educational resources, developing statewide contracts, and delegating purchasing authority. How is the Statewide Procurement Policy and Outreach utilized? State agencies use this policy and outreach program for guidance and compliance. What is the purpose of the Contract Advisory Team-Review and Delegation (CAT-RAD) Program? The CAT-RAD Program is responsible for reviewing solicitations and delegating authority for services over $100,000. It also coordinates solicitation reviews for amounts exceeding $5 million. 2 What is the Centralized Master Bidder's List (CMBL)? The CMBL is a master database designed to encourage competition among vendors. It includes a primary list and additional references for HUB (Historically Underutilized Business). Is it mandatory for a vendor to be listed on the CMBL to conduct business with the state of Texas? No, being on the CMBL is not a requirement for vendors to engage in business with the state. What does the Historically Underutilized Business (HUB) Program aim to achieve? The HUB Program is designed to promote fair and equal business opportunities for historically underutilized businesses. What functions does the Office of Vehicle Management (OVFM) perform? The OVFM oversees fleet vehicle reporting for state agencies, manages inter-agency contracts, helps maintain the system, and provides state agencies with tools to monitor fleet maintenance and vehicle data. It also handles travel services contracts and oversees hotel rate agreements. 3 Where should solicitations valued at $25,000 or more be posted? Such solicitations must be posted on the Electronic State Business Daily (ESBD), which provides information on contracting opportunities