- Study guides, Class notes & Summaries

CTCM Test A Questions with Correct Answers What is an "Historically Underutilized Business" (HUB)? A small business owned by a woman, a service disabled veteran, or a historically underrepresented minority. The Centralized Master Bidders List (CMBL) is: A list of vendors interested in doing business with the state. Best and Final Offers (BAFO) are: Revisions of proposals by vendors submitted after discussions with the agency.

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9 pages

Written in 2024/2025

Grade A+

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CTCM Exam Questions with Complete Solutions Reason: (1) SPD delegates the purchasing functions of one-time purchases of goods, including goods for the resale, which do not exceed $50,000 ; (2) SPD delegates the purchasing functions of services, including services for resale, the estimated cost of which does not exceed $100,000 DIR exemptions are approved in all except: A. One-Time Exemption Requested through DIR portal. B. Blanket Exemption from list maintained on DIR website C. Obtai...

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49 pages

Written in 2024/2025

Grade A+

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CTCM Test Prep Questions and Answers Graded A+ *What is the role of CAT? Reviews and makes recommendation on solicitations with an estimated value of at least $5 million When does a contract need to be reviewed by CAT When the contract exceeds $5 million that is not IT related How long do CATS reviews take? 30 days to complete

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15 pages

Written in 2024/2025

Grade A+

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CTCM Study Set Questions with Verified Answers What is the difference between a deliverable and a milestone? Deliverable - Measurable task or outcome (e.g., product or service) Milestone - Event associated with a deliverable (means to gauge progress) What is risk? The likelihood that something will happen that will adversely impact the project / objectives What is a DLRA? Deliverables Level Risk Assessment specific to each contract and wherein each deliverable is determined a risk lev...

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23 pages

Written in 2024/2025

Grade A+

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CTCM Certification Exam Questions with Correct Answers Substantial Interest in a Business (1) has a controlling interest in the business entity; (2) owns more than 10 percent of the voting interest in the business entity; (3) owns more than $25,000 of the fair market value of the business entity; (4) 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 profits, proceeds, or capital...

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26 pages

Written in 2024/2025

Grade A+

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CTCM Exam Questions and Answers|Latest Update Procurement Oversight and Delegation Reviews solicitations and issues a letter of delegation of purchasing authority for an anticipated service contract valued over $100,000. Contract Advisory Team (CAT) Reviews and makes recommendations on solicitations with an estimated value of at least $5 million Quality Assurance Team (QAT) Oversees Major Information Resources Projects (MIRPs) and associated contracts of over $10 million

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8 pages

Written in 2024/2025

Grade A+

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CTCM Test C Questions and Answers 100% Solved When additional time is required by the vendor in order to perform the deliverables of the original contract, the agency may grant a / an: Extension. A contractor fails to deliver contracted goods on time due to a hurricane. This is called: Excusable non-compensable delay Negotiation philosophies is most likely to be used when issues matter more than relationships to the participants. Win - Lose

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9 pages

Written in 2024/2025

Grade A+

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CTCM Training Questions and Answers|Latest Update In terms of the CMBL, a contract over $25k ... Requires that you solicit all relevant vendors on the CMBL, AND that you post solicitation on the *Electronic State Business Daily* If I have a contract valued at $38k, where do I need to post the solicitation? Electronic State Business Daily If I have a contract valued at $24k, how many vendors do I need to solicit? 3 vendors, 2 of which must be HUBs

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18 pages

Written in 2024/2025

Grade A+

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CTCM Exam Questions and Answers 100% Solved Agency Contract Management Handbook - Each agency must publish a handbook that complies with purchasing accountability and risk analysis procedures - Establishes consistent policies and practices Centralized Master Bidder's List (CMBL) $ threshold Over $10,000-25,000 must solicit 3 active CMBL vendors (2 HUB) Over $25,000 must solicit all eligible vendors on the list that serves the geographical area

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25 pages

Written in 2024/2025

Grade A+

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CTCM Questions and Answers 100% Solved Why is Contract Monitoring important? check progress, document trends, ensure both parties are meeting terms Quality Assessment Plan QAP an essential monitoring tool that provides the contract manager with what tasks will be inspected, when they will be inspected, what monitoring methods will be used, how performance will be evaluated, how performance will be accepted, & who is responsible for each activity. Contract Level Risk Assessment helps i...

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14 pages

Written in 2024/2025

Grade A+

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