CTCM Contract Management Exam
Questions and Answers 100% Solved
Contract Management Certification - ✔✔Certified Texas Contract
Management
Three (3) required classes
1. Contract Management
2. Project Management
3. Negotiations
Pass certification test with score of 70% or better
Apply for Certification
Definition of a Contract - ✔✔Legal, written document to exchange goods or
services for consideration (compensation)
What is Contract Management - ✔✔The entire contracting process from
planning through contract administration
1
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
,Contract Management Framework (Plan) - ✔✔Identify contracting objective
and strategy
Contract Management Framework (Procurement) - ✔✔Fairly and
objectively select the most qualified contractors
Contract Management Framework (Contract Formation/Rate and Price
Establishment) - ✔✔Ensure the contract contains provisions that hold the
contractor accountable for producing desired results, include all relevant
terms and conditions as well as establish processes that are cost-effective
and aligned with the cost of providing the goods and services
Contract Management Framework (Contract Oversight) - ✔✔Monitor and
enforce the terms of the contract
Three "O's" Approach to Contract Management - ✔✔1. Outline
2. Operate
3. Oversee
Outline - ✔✔Identify need, Develop CM Team, Conduct Risk Assessment,
Determine Procurement Method
Operate - ✔✔Prepare Solicitation, Copies to CAT/CPA, Solicit Proposals,
Evaluate Responses, Award
2
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
, Oversee - ✔✔Execute Contract, Monitor Performance, Manage Change,
Approve Payment, Contract Closeout
Contract Manager's Duties - ✔✔Oversees and manages the entire process
(contracting/procurement process)
Contracting/Procurement Process (1) - ✔✔Project Planning and Budget,
Specification Development, Review and Evaluation of Solicitation
Responses, Assuring Contract Rates/Pricing are withing budget
Contract Award
Contracting/Procurement Process (2) - ✔✔Participate in developing
solicitation and writing the draft document, Point of contact for
disseminating the instructions regarding the work to the contractor, receive
and respond to communications between the agency and the contractor,
Monitor the contractor's progress and performance to ensure goods and
services confirm to contract requirements, Inspect and approve the final
product/services through formal acceptance/receipt process, Perform
contract closeout process
Contract Administrator - ✔✔Oversees contract administration functions
(post award)
3
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
Questions and Answers 100% Solved
Contract Management Certification - ✔✔Certified Texas Contract
Management
Three (3) required classes
1. Contract Management
2. Project Management
3. Negotiations
Pass certification test with score of 70% or better
Apply for Certification
Definition of a Contract - ✔✔Legal, written document to exchange goods or
services for consideration (compensation)
What is Contract Management - ✔✔The entire contracting process from
planning through contract administration
1
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
,Contract Management Framework (Plan) - ✔✔Identify contracting objective
and strategy
Contract Management Framework (Procurement) - ✔✔Fairly and
objectively select the most qualified contractors
Contract Management Framework (Contract Formation/Rate and Price
Establishment) - ✔✔Ensure the contract contains provisions that hold the
contractor accountable for producing desired results, include all relevant
terms and conditions as well as establish processes that are cost-effective
and aligned with the cost of providing the goods and services
Contract Management Framework (Contract Oversight) - ✔✔Monitor and
enforce the terms of the contract
Three "O's" Approach to Contract Management - ✔✔1. Outline
2. Operate
3. Oversee
Outline - ✔✔Identify need, Develop CM Team, Conduct Risk Assessment,
Determine Procurement Method
Operate - ✔✔Prepare Solicitation, Copies to CAT/CPA, Solicit Proposals,
Evaluate Responses, Award
2
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
, Oversee - ✔✔Execute Contract, Monitor Performance, Manage Change,
Approve Payment, Contract Closeout
Contract Manager's Duties - ✔✔Oversees and manages the entire process
(contracting/procurement process)
Contracting/Procurement Process (1) - ✔✔Project Planning and Budget,
Specification Development, Review and Evaluation of Solicitation
Responses, Assuring Contract Rates/Pricing are withing budget
Contract Award
Contracting/Procurement Process (2) - ✔✔Participate in developing
solicitation and writing the draft document, Point of contact for
disseminating the instructions regarding the work to the contractor, receive
and respond to communications between the agency and the contractor,
Monitor the contractor's progress and performance to ensure goods and
services confirm to contract requirements, Inspect and approve the final
product/services through formal acceptance/receipt process, Perform
contract closeout process
Contract Administrator - ✔✔Oversees contract administration functions
(post award)
3
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
