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CTCD Test Exam With 100% Correct Answers 2023

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the procurement cycle - Correct Answer-1. procurement planning 2. procurement method determination 3. vendor solicitation 4. contract formation and award 5. contract management Fundamentals of procurement - Correct Answer-1. fairness/transparency 2. best value for the state 3. own the mission 4. good steward of public records Texas Comptroller of Public Accounts - Correct Answer-State tax collector, treasurer, accountant, develops and manages statewide contracts purchasing - Correct Answer-The receipt and processing of requisitions, development of specifications, statement of work, the issuance of purchase orders against statewide, cooperative or agency contracts, and the verification of the inspection of merchandise or receipt of services by the agency contract development - Correct Answer-applies to actions taken prior to contract execution contract management - Correct Answer-applies to action taken following contract execution contract valueSPD - Correct Answer-the initial value of the contract, including anticipated extensions and renewals for the contracts full existence a contract value with an initial value of $4 million, with 3 optional, annual renewals of the same amount. W

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CTCD Test Exam With 100% Correct
Answers 2023
the procurement cycle - Correct Answer-1. procurement planning 2.
procurement method determination 3. vendor solicitation 4. contract
formation and award 5. contract management

Fundamentals of procurement - Correct Answer-1. fairness/transparency 2.
best value for the state 3. own the mission 4. good steward of public records

Texas Comptroller of Public Accounts - Correct Answer-State tax collector,
treasurer, accountant, develops and manages statewide contracts

purchasing - Correct Answer-The receipt and processing of requisitions,
development of specifications, statement of work, the issuance of purchase
orders against statewide, cooperative or agency contracts, and the
verification of the inspection of merchandise or receipt of services by the
agency

contract development - Correct Answer-applies to actions taken prior to
contract execution

contract management - Correct Answer-applies to action taken following
contract execution

contract valueSPD - Correct Answer-the initial value of the contract,
including anticipated extensions and renewals for the contracts full existence

a contract value with an initial value of $4 million, with 3 optional, annual
renewals of the same amount. What is the contract value? - Correct Answer-
$16,000,000

a contract with an initial value of $200,000 with two optional, annual
renewals of the same amount. What is the contract value? - Correct Answer-
$600,000

SPD - Correct Answer-delegates purchasing authority to state agencies for
non-IT goods and services

purchasing authority - Correct Answer-the ability of an agency to purchase
goods and services using state funds

delegation of purchasing authority - Correct Answer-assigning purchasing
authority to an agency

,statewide procurement division - Correct Answer-1. contract development 2.
contract management 3. statewide fleet, travel, & mail 4. HUB 5.
procurement policy & outreach

statewide contract development team - Correct Answer-develops term,
managed, and TXMAS contracts

historically underutilized business program - Correct Answer-promotes full
and equal business opportunities
subcontracting opportunity for any procurement with an estimated contract
value of
$100,000 or greater

procurement oversight and delegation (POD) - Correct Answer-conducts
solicitation reviews and delegates purchasing authority to state agencies for
service solicitations values over $100,000
POD coordinates with CAT

Contract Advisory Team (CAT) - Correct Answer-review and make
recommendations on solicitations with an estimated value of at least $5
million; reviews findings made by the state auditor

Quality Assurance Team (QAT) - Correct Answer-reviews project plans for
Major Information Resources Projects (MIRP); value of at least 10 million ;
high education, self-directed, semi-independent state agencies are
exempt from QAT oversight

Major Information Resource Projects (MIRP) - Correct Answer-project
development with a value that exceeds $5 million and; one year+ to reach
operation status, involves more than one state agency; or significantly alters
the work methods of state agency

vendor performance tracking system (VPTS) - Correct Answer-allow agencies
to score vendors, track vendor performance, and provides information to
contract developers

vendor performance tracking system reporting - Correct Answer-required
within 30 days of contract completion or termination if the contract value is
over $25,000
for contracts values over $5 million, vendor performance reports are
required annually and at each key milestone
a contract subject to the $5 million dollar reporting requirement may not be
extended until the applicable vendor performance reports have been
submitted to VPTS

agency procurement plan - Correct Answer-due by november 30th
-plan that identifies its management controls and purchasing oversight
authority in accordance with the policy guidance contained in the Guide

agency contract management procedures - Correct Answer-each agency

, must develop and comply with a purchasing accountability and risk analysis
procedure. Post it to the agency website and send to

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