CTCM EXAM PREP LATEST VERSION WITH GOLDEN TIPS SOLUTIONS (2024/2025) RATED A+

CTCM EXAM PREP LATEST VERSION WITH GOLDEN TIPS SOLUTIONS (2024/2025) RATED A+ What does the Statewide Mail Operations program do? - CORRECT ANSWER ✔✔Processes appro ximately 14 -17K pieces of mail daily. What does HUB stand for? - CORRECT ANSWER ✔✔Historically Underutilized Business Program When are HUB businesses considered for subcontracting? - CORRECT ANSWER ✔✔Subcontracting opportunity for any procurement with an e stimated contract value of $100,000 or greater. What does POD stand for? - CORRECT ANSWER ✔✔Procurement Oversight and Delegation Portal What does the Procurement Oversight and Delegation Portal (POD) do? - CORRECT ANSWER ✔✔Conducts solicitation reviews and delegates purchasing authority to state agencies for service solicitations valued over $100,000. What does CAT stand for? - CORRECT ANSWER ✔✔Contract Advisory Team What does the Contract Advisory Team do? - CORRECT ANSWER ✔✔Reviews and makes recommendatio ns on solicitations with an estimated value of at least $5 million. When should solicitations and Notices of Awards for contracts be posted on the Electronic State Business Daily (ESBD)? - CORRECT ANSWER ✔✔When the value of the contract approaches $25,000. It's required for any contract over $25,000. What does VPST stand for? - CORRECT ANSWER ✔✔Vendor Performance Tracking System When are agencies required to report on the VPTS? - CORRECT ANSWER ✔✔Within 30 days of contract completion or termination if the value is over $25,000. When are Vendor Performance Reports required for contracts valued over $5 million? - CORRECT ANSWER ✔✔Annually and at each key milestone. When can you extend a contract subject to the $5 million dollar VPTS reporting? - CORRECT ANSWER ✔✔Only after the applicable vendor performance reports have been submitted to VPTS. When is the Agency Procurement Plan due? - CORRECT ANSWER ✔✔Due annually by November 30th. What is SPD? - CORRECT ANSWER ✔✔Statewide Procurement Division Define Contract Value - CORRECT ANSWER ✔✔The initial value of the contract, plus any amendments, renewals, and extensions for the contract's full existence. What is the contract value for a contract with an initial value of $2 million, with 3 optional annual renewals of the same amount? - CORRECT ANSWER ✔✔$8 million What is the contract value for a contract with an initial value of $500,000, with 2 optional annual renewals of the same amount? - CORRECT ANSWER ✔✔$1.5 million What does SPD do? - CORRECT ANSWER ✔✔It is the entity that delegates purchasing authority to sta te agencies for non -IT goods and services. Does SPD give purchasing authority for IT goods and services? - CORRECT ANSWER ✔✔No What does the Office of Vehicle & Fleet Management do? - CORRECT ANSWER ✔✔Assists state agencies in managing their vehicle fleet. What does the Statewide Travel Management Program do? - CORRECT ANSWER ✔✔Manages travel expenditures, monitors travel activity, and provides discounted travel services. A person is classified in having a substantial interest in a business entity of that person: - CORRECT ANSWER ✔✔Has a controlling interest. Owns more than 10% of the voting interest. Owns more than $25,000 o f the fair market value. Is a member of the board of directors or other governing board. Has a direct or indirect participating interest by shares, stock, or otherwise, regardless of whether voting rights are included, in more than 10 percent of the profit s, proceeds, or capital gains. What are the two types of Nepotism? - CORRECT ANSWER ✔✔Consanguinity and Affinity What Nepotism relationships are defined by Affinity? - CORRECT ANSWER ✔✔Includes an officials or employee's spouse and individuals related to t he spouse. What Nepotism relationships are defined by Consanguinity? - CORRECT ANSWER ✔✔Includes individuals related by blood to the official or employee. What are examples of first and second degree Affinity relationships? - CORRECT ANSWER ✔✔First - Spous e, Spouse's parents, Children's Spouses, Spouses children. Second - Spouse's grandparents and grandchildren, Spouse's brothers and sister's, Brothers and sisters' Spouses. What are examples of first and second degree Consanguinity relationships? - CORRECT ANSWER ✔✔First - Parents and children. Second - Grandparents and grandchildren, brothers and sisters. Third - Great -grandparents/grandchildren, nephews/nieces, and Aunts/Uncles. What does the State Auditor's Office do regarding suspected fraud, waste or a buse of resources? - CORRECT ANSWER ✔✔It coordinates investigatory work with internal auditors and law enforcement to pursue criminal conduct including: theft, forgery, tampering with a governmental record, bribery, gift to a public servant by a person subj ect to his/her jurisdiction, etc. What ethics related form is required for contracts $1 million and above? - CORRECT ANSWER ✔✔Form 1295 - TEC Disclosure of Interested Parties. It is completed by the vendor. Submitted to the agency, contract developer ackno wledges at the Texas Ethics Commission website. It should be located in the contract file.