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CTCM - Certified Texas Contract Management Exam Questions and Answers

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CTCM - Certified Texas Contract Management Exam Questions and Answers

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CTCM - Certified Texas Contract
Management Exam Questions and
Answers

Contract Management - Answer -The entire process from planning through contract
administration

Contract Manager - Answer -oversees & manages the entire process -
• Project planning & budget
• Specific development
• Review & evaluation of solicitation responses
• Assuring contract rates/pricing are within budget
• Contract award

Contract Administrator - Answer -responsible for the post award functions
• Relationship management
• Implementing & monitoring vendor performance 7 contract compliance
• Approving payments
• Managing contract changes

The 3 O's Approach - Answer -outline, operate and oversee

outline includes - Answer -• Develop team
• Conduct risk assessment
• Identify the need
Determine procurement method

to operate includes - Answer -• Prepare solicitation
• Copies to CAT/CPA
• Solicit proposals
• Evaluate responses
• award

to oversee refers to and includes the process of: - Answer -• Execute contract
• Monitor performance
• Manage change
• Approve payment
• Contract closeout

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