Certified Texas Contract Manager
FINAL EXAM QUESTIONS WITH
CORRECT SOLUTIONS||UPDATED
2026/2027 SYLLABUS||100%
GUARANTEED PASS||ALREADY
GRADED A+||<<LATEST VERSION>>
Risk Assessment Tools - ANSWER ✓ Identify the risk associated with a contract.
These consist of Contract Level Risk Assessment (CLRA) and Deliveralbe Level
Risk Assessment (DLRA).
Deliverable Level Risk Assessment (DLRA) - ANSWER ✓ Specific to a contract.
Monitoring reference tool that tracks deliverables due to be received from the
contractor.
Schedule Risk - ANSWER ✓ Time or timeline related
Financial Risk - ANSWER ✓ Cost or value related
Performance Risk - ANSWER ✓ Service related
Monitoring - ANSWER ✓ Necessary to adequately check the progress, document
trends, and ensure both parties are meeting the terms and conditions of the contract
with service or commodity that is provided.
Site Visits - ANSWER ✓ Monitoring method used to check the progress of
deliverables and to verify actual performance. Used to check the progress of
deliverables.
Inspection and Acceptance - ANSWER ✓ Inspect the delivery, were shipments
delivered in error, compare items received with the purchase order for brand name
and product number, inspect for minor visible damage, inspect for severe
, damage,pick up and return of shipments, inspect the internal receiving report, and
partial shipment/ End-user and/or purchaser.
Indirect Cost - ANSWER ✓ Cost included under a contract that is not specific to
the project.
Withhold Payment - ANSWER ✓ Instances such as breach of contract, invoice
errors, vendor noncompliance, performance issues, undocumented cost, need to
remedy over payments with vendor.
Dispute Resolution - ANSWER ✓ Corrective action plan that resolves all
problems before escalation.
Amendments - ANSWER ✓ Must be in writing and signed by both parties.
Change Orders - ANSWER ✓ Agencies must have a well-defined process for
these. For deliverable schedule, processes should be in place to extend the timeline
or make up time.
Price Adjustments - ANSWER ✓ Allowed if the contract indicates a set maximum
amount the contractor can increase the price must be established.
Extensions - ANSWER ✓ Extended term beyond the original solicitation renewal
contract terms. Allows time needed to complete the services of the contract.
Contract is going to expire and the new contract is not in place.
Renewal - ANSWER ✓ Contractual parties have the option to renew the contract
for another term.
Force Majeure - ANSWER ✓ Failure to perform due to excusable causes such as
acts of god, conditions outside the control of the contractor.
Termination for Convenience - ANSWER ✓ Also known as no-fault termination,
allows the agency to terminate any contract, in who or in part, at any time in its
sole discretion.
Termination for Cause - ANSWER ✓ Occurs when the agency concludes that the
contractor fails to perform, make progress, or in any way breaches contract.
FINAL EXAM QUESTIONS WITH
CORRECT SOLUTIONS||UPDATED
2026/2027 SYLLABUS||100%
GUARANTEED PASS||ALREADY
GRADED A+||<<LATEST VERSION>>
Risk Assessment Tools - ANSWER ✓ Identify the risk associated with a contract.
These consist of Contract Level Risk Assessment (CLRA) and Deliveralbe Level
Risk Assessment (DLRA).
Deliverable Level Risk Assessment (DLRA) - ANSWER ✓ Specific to a contract.
Monitoring reference tool that tracks deliverables due to be received from the
contractor.
Schedule Risk - ANSWER ✓ Time or timeline related
Financial Risk - ANSWER ✓ Cost or value related
Performance Risk - ANSWER ✓ Service related
Monitoring - ANSWER ✓ Necessary to adequately check the progress, document
trends, and ensure both parties are meeting the terms and conditions of the contract
with service or commodity that is provided.
Site Visits - ANSWER ✓ Monitoring method used to check the progress of
deliverables and to verify actual performance. Used to check the progress of
deliverables.
Inspection and Acceptance - ANSWER ✓ Inspect the delivery, were shipments
delivered in error, compare items received with the purchase order for brand name
and product number, inspect for minor visible damage, inspect for severe
, damage,pick up and return of shipments, inspect the internal receiving report, and
partial shipment/ End-user and/or purchaser.
Indirect Cost - ANSWER ✓ Cost included under a contract that is not specific to
the project.
Withhold Payment - ANSWER ✓ Instances such as breach of contract, invoice
errors, vendor noncompliance, performance issues, undocumented cost, need to
remedy over payments with vendor.
Dispute Resolution - ANSWER ✓ Corrective action plan that resolves all
problems before escalation.
Amendments - ANSWER ✓ Must be in writing and signed by both parties.
Change Orders - ANSWER ✓ Agencies must have a well-defined process for
these. For deliverable schedule, processes should be in place to extend the timeline
or make up time.
Price Adjustments - ANSWER ✓ Allowed if the contract indicates a set maximum
amount the contractor can increase the price must be established.
Extensions - ANSWER ✓ Extended term beyond the original solicitation renewal
contract terms. Allows time needed to complete the services of the contract.
Contract is going to expire and the new contract is not in place.
Renewal - ANSWER ✓ Contractual parties have the option to renew the contract
for another term.
Force Majeure - ANSWER ✓ Failure to perform due to excusable causes such as
acts of god, conditions outside the control of the contractor.
Termination for Convenience - ANSWER ✓ Also known as no-fault termination,
allows the agency to terminate any contract, in who or in part, at any time in its
sole discretion.
Termination for Cause - ANSWER ✓ Occurs when the agency concludes that the
contractor fails to perform, make progress, or in any way breaches contract.
