CTCM CERTIFICATION EXAM STUDY GUIDE 2025 UPDATED ACTUAL EXAM WITH
CORRECT SOLUTIONS.
Vendor Performance Tracking System (VPTS) - (ANSWER)Online directory that a contractor's
performance must be reported to this system once a contract with a value over $25,000.00 is completed
or otherwise terminated.
Types of Contract Amendments - (ANSWER)1) Bilateral Amendments (Substantive Changes &
Constructive Changes)
2) Unilateral Amendments (Administrative Changes)
*And Contract Amendment Analysis
G-103, G92-93
Contract Renewal vs Contract Extension - (ANSWER)Renewal: where contractual parties have the option
to renew the contract for another term.
Extension: extended term beyond the original solicitation contract terms, which allows time needed to
complete the service.
G-105
Restrictions on Extending Contracts - (ANSWER)Agencies cannot extend past initial term + optional
extensions unless ALL of the following are met:
1) the extension is limited in duration and does not cost more than one additional extension period (as
defined in the contract). If not defined, the limit is one year;
2) notice of the extension is provided to the LBB 30 days prior to execution;
3) all required information and documents have been uploaded to the LBB contracts database.
GAA 17.10.c.1
6 Types of Remedies for Contract Breach - (ANSWER)Liquidated damages
Compensatory damages
Restitution damages
Equitable remedies
CORRECT SOLUTIONS.
Vendor Performance Tracking System (VPTS) - (ANSWER)Online directory that a contractor's
performance must be reported to this system once a contract with a value over $25,000.00 is completed
or otherwise terminated.
Types of Contract Amendments - (ANSWER)1) Bilateral Amendments (Substantive Changes &
Constructive Changes)
2) Unilateral Amendments (Administrative Changes)
*And Contract Amendment Analysis
G-103, G92-93
Contract Renewal vs Contract Extension - (ANSWER)Renewal: where contractual parties have the option
to renew the contract for another term.
Extension: extended term beyond the original solicitation contract terms, which allows time needed to
complete the service.
G-105
Restrictions on Extending Contracts - (ANSWER)Agencies cannot extend past initial term + optional
extensions unless ALL of the following are met:
1) the extension is limited in duration and does not cost more than one additional extension period (as
defined in the contract). If not defined, the limit is one year;
2) notice of the extension is provided to the LBB 30 days prior to execution;
3) all required information and documents have been uploaded to the LBB contracts database.
GAA 17.10.c.1
6 Types of Remedies for Contract Breach - (ANSWER)Liquidated damages
Compensatory damages
Restitution damages
Equitable remedies
