Certified Texas Contract Manager Practice Exam

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Study for the Certified Texas Contract Manager Exam. Prepare with multiple choice questions, flashcards, and explanations to enhance understanding. Get ready for your certification and advance your career!

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What is the value threshold for solicitations that require a review by the Contract Advisory Team (CAT)?

$1M
$3M
$5M
$10M

The correct answer is: $5M

The value threshold for solicitations requiring a review by the Contract Advisory Team (CAT) is indeed $5 million. This review is necessary to ensure compliance with state contracting laws and policies, as well as to promote best practices in procurement. The CAT's involvement is designed to enhance transparency and accountability in the procurement process for larger contracts, where the financial stakes are higher and the risk for mismanagement or non-compliance is greater. The thresholds established reflect a commitment to careful oversight and the effective use of public funds, particularly in significant financial transactions.