CTCM - Certified Texas Contract Management Questions and Answers Already Passed

CTCM - Certified Texas Contract Management Questions and Answers Already Passed What does Contract Management entail? It covers the entire process from initial planning through to the administration of the contract. What is the role of a Contract Manager? The Contract Manager is responsible for overseeing and managing the entire process, including project planning, budget management, specific development, reviewing and evaluating solicitation responses, ensuring that contract rates and pricing are within budget, and awarding the contract. What responsibilities does a Contract Administrator have? The Contract Administrator is in charge of post-award functions, such as managing relationships, implementing and monitoring vendor performance and contract compliance, approving payments, and handling contract changes. Can you explain the 3 O's Approach? 2 It involves outlining, operating, and overseeing the process. What is included in the outlining phase? The outlining phase involves developing the team, conducting a risk assessment, identifying needs, and determining the procurement method. What actions are involved in the operating phase? In the operating phase, actions include preparing the solicitation, distributing copies to CAT/CPA, soliciting proposals, evaluating responses, and awarding the contract. What does the overseeing phase include? The overseeing phase involves executing the contract, monitoring performance, managing changes, approving payments, and closing out the contract. Can you describe the steps in the contract management framework process? The process includes planning (identifying objectives and strategies), procurement (establishing rates and prices, ensuring cost-effectiveness and contractor accountability), contract formation, and contract oversight (monitoring and enforcing contract terms). 3 What does the risk assessment process involve?