Certified Texas Contract Manager
(CTCM) Exam Prep Questions and
Answers Graded A+
Vendor Performance Tracking System (VPTS) - Correct 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 - Correct 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 - Correct answer-Renewal: where
contractual parties have the option to renew the contract for another term.
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, Extension: extended term beyond the original solicitation contract terms, which
allows time needed to complete the service.
G-105
Restrictions on Extending Contracts - Correct 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 - Correct answer-Liquidated damages
Compensatory damages
Restitution damages
Equitable remedies
Punitive damages
Nominal damages
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
(CTCM) Exam Prep Questions and
Answers Graded A+
Vendor Performance Tracking System (VPTS) - Correct 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 - Correct 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 - Correct answer-Renewal: where
contractual parties have the option to renew the contract for another term.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
, Extension: extended term beyond the original solicitation contract terms, which
allows time needed to complete the service.
G-105
Restrictions on Extending Contracts - Correct 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 - Correct answer-Liquidated damages
Compensatory damages
Restitution damages
Equitable remedies
Punitive damages
Nominal damages
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
