Download FLORIDA CERTIFIED CONTRACT MANAGER STUDY GUIDE 2026 COMPREHENSIVE QUESTION ANSWER DIGEST and more Exams Business and Labour Law in PDF only on Docsity!
FLORIDA CERTIFIED CONTRACT MANAGER
STUDY SHEET 2026 ACCURATE SOLUTION
COLLECTION
โ Planning. Answer: Partnerships, communication, expectations, define roles and responsibilities, post kick off meeting. โ Quality Assessment Plan (QAP). Answer: Recommended template that will assist the Contract Manager in further assessing risk and monitoring of deliverables following contract execution. โ 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). โ Deliverable Level Risk Assessment (DLRA). Answer: Specific to a contract. Monitoring reference tool that tracks deliverables due to be received from the contractor.
โ Schedule Risk. Answer: Time or timeline related โ Financial Risk. Answer: Cost or value related โ Performance Risk. Answer: Service related โ 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. โ Site Visits. Answer: Monitoring method used to check the progress of deliverables and to verify actual performance. Used to check the progress of deliverables. โ 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
โ Price Adjustments. Answer: Allowed if the contract indicates a set maximum amount the contractor can increase the price must be established. โ 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. โ Renewal. Answer: Contractual parties have the option to renew the contract for another term. โ Force Majeure. Answer: Failure to perform due to excusable causes such as acts of god, conditions outside the control of the contractor. โ 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. โ Termination for Cause.
Answer: Occurs when the agency concludes that the contractor fails to perform, make progress, or in any way breaches contract. โ Contract Close-Out. Answer: Verify that both parties to the contract have fulfilled their contractual obligations. โ Vendor Performance Reporting. Answer: Must be reported for contracts valued at $25,000 or more which are completed or otherwise terminated. โ A. Answer: Score that should be given to vendors who met best value criteria and fully complied with the requirement of the contract with complete or substantial customer satisfaction. โ B. Answer: Score that should be given to vendors who met best value criteria and fully complied or promptly remedied any minor instance of noncompliance with the requirements of the contract with substantial or adequate customer satisfaction. โ C.
โ Record Retention Period (Executed before September 1, 2015). Answer: Contract documents are required to be kept for a period of AC+7 years. (After Close of contract +7 years). โ Phase 1. Answer: Post payment audit phase that includes collecting information. โ Phase 2. Answer: Post payment audit phase that includes field work. โ Phase 3. Answer: Post payment audit phase that includes reporting. โ RFP. Answer: Request for Proposals โ IFB. Answer: Invitation For Bids
โ RFO.
Answer: Request for Offers โ RFQ. Answer: Request for Qualifications โ RFA. Answer: Request for Applications โ IAC. Answer: Inter-Agency Cooperation Agreements โ Contract Managers. Answer: Should be involved throughout the lifecycle of the procurement. Responsible for structuring and planning the necessary activities conducted post-award. โ Post-Award Meeting Attendees. Answer: Contract Developer, Contract Manager, End-User, Program Manager โ Post-Award Meeting.
Answer: Occurs when one party to a contract transfers its right under a contract to another party. โ Post-Payment Audits. Answer: Audits is comprised of three phases. Collecting of information, Fieldwork, and Reporting. โ Procurement Lead Time. Answer: Make sure enough time is allowd. โ Ways to Mitigate Risk. Answer: Warranties and Maintenance, Remedies, and Licensing and Certification Requirements. โ Consanguinity. Answer: Blood relative โ Affinity. Answer: Spouse's relative โ First Degree (Affinity). Answer: Spouse, Spouse's Parents, Children's Spouses
โ Second Degree (Affinity). Answer: Spouse's Grandparents, Spouse's Grandchildren, Spouse's Brothers & Sisters, Brothers & Sister's Spouses. โ Third Degree (Affinity). Answer: Spouse's Great - grandparents, Spouses Great- grandchildren, Spouse's Uncles & Aunts, & Uncles & Aunts Spouses, Nephews & Nieces' Spouse. โ 2 Years. Answer: How long after the contract is signed or the procurement is terminated or withdrawn can can an officer or employee accept employment by the non-state agency party to that contract? โ 4 Years. Answer: How long after the potential contractor ceased being the executive head of a state agency., are state agencies prohibited from contracting with their former executive heads or with a person who employs a former executive head of any state agency? โ Substantial Conflict of Interest. Answer: Has a controlling interest in the business entity. Owns more than 10% of the voting interest in the business entity. Owns more
โ Monitoring Method(s). Answer: Provides key elements of monitoring for the contract manager. โ Performance Evaluation and Assessment. Answer: Determines if the contract should include site visits, desk review, progress reports, and/or financial reports. โ Performance Approval. Answer: Should be in line with the terms and conditions of the contract as well as the responsibility for each activity that is supposed to be completed. โ Responsible Party. Answer: Assigns the activity to an individual or party to ensure activity occurs. โ File Maintenance. Answer: The specified records maintained in one complete master contract file. โ Planning Phase. Answer: Important in setting methods to properly manage the contract.
โ Amount of Monitoring. Answer: Important and must be balanced and adequate to meet the need, but limited in type, scope, and frequency for sufficient desired results without unnecessarily increasing cost.
