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NCMA CPCM Certification Exam is a prestigious certification exam that is offered to professionals who specialize in the field of contracts management. CPCM exam is specifically designed to test a candidate's knowledge and expertise in the field of contract management, as well as their ability to apply that knowledge to real-world situations. Certified Professional Contracts Manager certification itself is recognized around the world as a symbol of excellence, and it demonstrates a commitment to professionalism and excellence in the field of contracts management.

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The Certified Professional Contracts Manager (CPCM) exam is an industry-standard certification program offered by the National Contract Management Association (NCMA). Certified Professional Contracts Manager certification is designed to assess and validate the knowledge and skills of professionals working in the field of contracts management. The CPCM Exam is a comprehensive assessment that covers a wide range of topics related to contract management, including contract formation, negotiation, administration, and termination.

NCMA Certified Professional Contracts Manager Sample Questions (Q18-Q23):

NEW QUESTION # 18
A buyer posts a requirement online for supplies and/or services for which, over time, sellers compete by offering lower prices. Sellers are permitted to submit more than one bid. At a certain point in time identified by the buyer, no further bids are permitted and usually the seller offering the lowest price is selected for the contract award. This type of purchase transaction describes __________.

Answer: C

Explanation:
The correct answer is A (reverse auctions) because this procurement method aligns precisely with the description provided in the question. In a reverse auction , the buyer publicly posts requirements-typically through an electronic sourcing platform-and multiple sellers compete in real time by progressively lowering their prices to win the contract. Sellers are allowed to submit multiple bids within a defined time window, and once the auction closes, the contract is usually awarded to the lowest-priced, technically acceptable offeror .
According to NCMA CMBOK guidance, reverse auctions are a pre-award sourcing technique used to enhance competition, improve pricing transparency, and achieve cost savings. They are especially effective for well-defined, standardized goods or services where specifications are clear and the primary evaluation factor is price.
Option B (sealed bidding) is incorrect because sealed bidding requires vendors to submit one confidential bid by a deadline, with no opportunity for iterative price reductions. Option C (optimization transactions) refers to analytical sourcing techniques that evaluate multiple variables beyond price. Option D (strategic sourcing) is a broader procurement strategy, not a specific transactional method.
CMBOK emphasizes that while reverse auctions can drive competitive pricing, contract managers must ensure that quality, performance requirements, and supplier capability are not compromised solely in favor of the lowest price.


NEW QUESTION # 19
The decision to add the raw scores together to determine the value of the source is __________ to a decision that each attribute is equally important.

Answer: C


NEW QUESTION # 20
Procurement planning, solicitation planning, and source selection are all phases of Garrett's contract management model for:

Answer: D

Explanation:
Explanation


NEW QUESTION # 21
The program management discipline is strengthened and program management tools are improved during which phase?

Answer: D


NEW QUESTION # 22
______________ is a key ingredient in solicitation planning and in the solicitation document to be developed.

Answer: A


NEW QUESTION # 23
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