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Home
Directory of Certified Individuals
Approved SPD-Sponsored Courses
Course Catalog
Basic Texas Purchaser
Certified Texas Contract Developer
Certified Texas Contract Manager
Continuing Education Webinars
Continuing Education Live Events
Ethics and Refresher Courses
New User Registration
Login
Contact Us
FAQ
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1.
What is a reason to perform a financial capability analysis during the procurement process?
Allows your agency to fully deplete its budget
Mitigates risk, especially for high-risk procurements
Helps you get kickbacks from a vendor
Provides insight into the legislative process
2.
Where can a history of Vendor Performance Reports be found?
On the Vendor Performance Tracking System (VPTS)
Through asking co-workers opinions
Yelp reviews
Google reviews
3.
At what point in the procurement process should a contract developer consider the financial capability of a vendor?
Prior to awarding a contract
After the last VPTS report is due
Before drafting the solicitation
Whenever it fits into your schedule
4.
When reviewing a balance sheet, what must liabilities plus equity equal to?
Compensation
Debts
Assets
Stockholder value
5.
Which of the following is an example of a red flag when reviewing financial statements?
Operating profits
Extensive financial history
Low debt balance
Lack of documentation
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