NCMA CCMA Study Guide | WITH 100% RATED CORRECT REAL
EXAM QUESTIONS AND CORRECT ANSWERS| GRADED A+ |2025
LATEST VERSION | 100% VERIFIED
The actions of a contract manager to develop solicitations, develop offers, form contracts,
perform contracts, and close contracts. - (answer)Contract Management
The authorized representative or agent for a contracting party. - (answer)Contract Manager
A mutually binding legal relationship obligating the seller to furnish supplies or services and the
buyer to provide consideration in exchange for them. - (answer)Contract
The execution of the terms of a contract. - (answer)Contract performance
For contract management, these principles apply to all contract managers in all phases of the
contract life cycle. - (answer)Guiding Principles
The phases of a contract: pre-award, award, and post-award. - (answer)Contract Life Cycle
Phases
The areas within a contract life cycle phase that produce significant contract management
outcomes. - (answer)Domains
,The processes utilized to produce the expected contract management outcomes of the domains.
These processes involve the ability to perform multiple job tasks, both simultaneously and
sequentially, while achieving meaningful results. - (answer)Competencies
The tasks performed on a routine basis by contract managers. Contract managers systematically
process the job tasks to achieve the expected results of the competencies. - (answer)Job Tasks
The process of managing contracts throughout the contract life cycle while ensuring customer
satisfaction. - (answer)Contract Management
Negotiations, changes, requirement interpretations, deliverables, contract terms and conditions,
and risk management are actions of who? - (answer)Contract Manager
The contracted party with the requirement for goods and/or services to be fulfilled by one or
more sellers. - (answer)Buyer
The contracted party tasked with fulfilling the buyer's requirement for goods and/or services. -
(answer)Seller
The process by which efforts of all personnel responsible for acquiring goods or services are
coordinated and integrated through a comprehensive plan for fulfilling the customer need in a
timely manner at a reasonable cost. - (answer)Plan Solicitation
The process of implementing the solicitation plan by soliciting responses from sellers in order to
fulfill a customer need. - (answer)Request Offers
,The process of describing all the elements of the customer requirements (technical, business,
regulatory, etc.) to the sellers. - (answer)Develop Solicitation
The organization's ability to execute the sales plan as it assembles an offer to win business. -
(answer)Prepare Offer
The process of Determining reasonable cost and pricing, Conducting negotiations, Selecting the
source, and Managing disagreements. - (answer)Form Contract
The process of examining and evaluating an offeror's proposed price without evaluation of the
separate detailed cost elements and proposed profit of the offeror's price proposal. -
(answer)Price Analysis
The process of preparing for interaction between the buyer and seller regarding all aspects of the
offer and its terms, and often involves clarifying requirements and parties requesting changes or
consideration of an alternate approach that may be consistent with the solicitation requirements. -
(answer)Plan Negotiations
The process of analyzing submitted offers in accordance with the solicitation evaluation criteria
to select the source that has the highest probability of satisfactory contract performance. -
(answer)Select Source
The process of resolving conflict between potential and actual contracted parties in order to
maintain legal conformity - (answer)Manage Disagreements
, The process of executing contract requirements, managing business relationships, ensuring
quality, and managing changes - (answer)Perform Contract
The process of Confirming expectations, Maintaining communication channels, Processing
contract documentation, Conducting post-award performance reviews, and Assessing contract
performance. - (answer)Administer Contract
The process of Planning for contract performance delivery and monitoring, and Inspecting and
accepting contract performance. - (answer)Ensure Quality
The management of contracts in support of the prime contract. - (answer)Manage Subcontracts
The process of Initiating, considering, negotiating, and issuing contract modifications; and
Maintaining configuration control of the contract and subsequent contract performance. -
(answer)Manage Changes
The process of Verifying all the requirements of the contract are satisfied, Settling unresolved
matters, and Reconciling the contract to make final payment. - (answer)Close Contract
The process of ensuring All performance has been accomplished, Final contractor performance
has been evaluated, Final payment has been made, and The contract has been reconciled. -
(answer)Close Out Contract
Helps to define the ethical behavior expected of all contract managers and their organizations. -
(answer)Standards of Conduct
EXAM QUESTIONS AND CORRECT ANSWERS| GRADED A+ |2025
LATEST VERSION | 100% VERIFIED
The actions of a contract manager to develop solicitations, develop offers, form contracts,
perform contracts, and close contracts. - (answer)Contract Management
The authorized representative or agent for a contracting party. - (answer)Contract Manager
A mutually binding legal relationship obligating the seller to furnish supplies or services and the
buyer to provide consideration in exchange for them. - (answer)Contract
The execution of the terms of a contract. - (answer)Contract performance
For contract management, these principles apply to all contract managers in all phases of the
contract life cycle. - (answer)Guiding Principles
The phases of a contract: pre-award, award, and post-award. - (answer)Contract Life Cycle
Phases
The areas within a contract life cycle phase that produce significant contract management
outcomes. - (answer)Domains
,The processes utilized to produce the expected contract management outcomes of the domains.
These processes involve the ability to perform multiple job tasks, both simultaneously and
sequentially, while achieving meaningful results. - (answer)Competencies
The tasks performed on a routine basis by contract managers. Contract managers systematically
process the job tasks to achieve the expected results of the competencies. - (answer)Job Tasks
The process of managing contracts throughout the contract life cycle while ensuring customer
satisfaction. - (answer)Contract Management
Negotiations, changes, requirement interpretations, deliverables, contract terms and conditions,
and risk management are actions of who? - (answer)Contract Manager
The contracted party with the requirement for goods and/or services to be fulfilled by one or
more sellers. - (answer)Buyer
The contracted party tasked with fulfilling the buyer's requirement for goods and/or services. -
(answer)Seller
The process by which efforts of all personnel responsible for acquiring goods or services are
coordinated and integrated through a comprehensive plan for fulfilling the customer need in a
timely manner at a reasonable cost. - (answer)Plan Solicitation
The process of implementing the solicitation plan by soliciting responses from sellers in order to
fulfill a customer need. - (answer)Request Offers
,The process of describing all the elements of the customer requirements (technical, business,
regulatory, etc.) to the sellers. - (answer)Develop Solicitation
The organization's ability to execute the sales plan as it assembles an offer to win business. -
(answer)Prepare Offer
The process of Determining reasonable cost and pricing, Conducting negotiations, Selecting the
source, and Managing disagreements. - (answer)Form Contract
The process of examining and evaluating an offeror's proposed price without evaluation of the
separate detailed cost elements and proposed profit of the offeror's price proposal. -
(answer)Price Analysis
The process of preparing for interaction between the buyer and seller regarding all aspects of the
offer and its terms, and often involves clarifying requirements and parties requesting changes or
consideration of an alternate approach that may be consistent with the solicitation requirements. -
(answer)Plan Negotiations
The process of analyzing submitted offers in accordance with the solicitation evaluation criteria
to select the source that has the highest probability of satisfactory contract performance. -
(answer)Select Source
The process of resolving conflict between potential and actual contracted parties in order to
maintain legal conformity - (answer)Manage Disagreements
, The process of executing contract requirements, managing business relationships, ensuring
quality, and managing changes - (answer)Perform Contract
The process of Confirming expectations, Maintaining communication channels, Processing
contract documentation, Conducting post-award performance reviews, and Assessing contract
performance. - (answer)Administer Contract
The process of Planning for contract performance delivery and monitoring, and Inspecting and
accepting contract performance. - (answer)Ensure Quality
The management of contracts in support of the prime contract. - (answer)Manage Subcontracts
The process of Initiating, considering, negotiating, and issuing contract modifications; and
Maintaining configuration control of the contract and subsequent contract performance. -
(answer)Manage Changes
The process of Verifying all the requirements of the contract are satisfied, Settling unresolved
matters, and Reconciling the contract to make final payment. - (answer)Close Contract
The process of ensuring All performance has been accomplished, Final contractor performance
has been evaluated, Final payment has been made, and The contract has been reconciled. -
(answer)Close Out Contract
Helps to define the ethical behavior expected of all contract managers and their organizations. -
(answer)Standards of Conduct
