NCMA CPCM PRACTICE SCRIPT UPDATED
2026 TESTED SOLUTIONS
⫸ 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
2026 TESTED SOLUTIONS
⫸ 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
