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Ncma Certified Professional Contracts Manager Exam (cpcm)
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A candidate who wishes to acquire the particular certification needs to demonstrate deep knowledge of all facets of the contractual market. The pertinent organization, NCMA, updates regularly the learning materials for the students; therefore, the most recent updates include the CMBOK, 4th Edition, while in 2014 students will also have the chance to use the CPCM Study Guide, 3rd Edition, which will be a more suitable version of the study material. These books are also suitable both for students who participate in study groups, as well as those who want to study on their own. However, the latter, should keep in mind that since the preparatory courses in groups are well organized, they should have a definite plan in order to organize their material and study time properly.
The role of Contracts manager is quite crucial in the modern commercial world; a Contracts Manager aims to ensure document compliance with the institutional framework and where there is existing legislation in preparation for implementing the projects and in particular the decision on how to implement the projects and carry out the required operations and actions of the competition to select contractor. The process should ensure compliance with the principles of transparency, equal treatment and competition, which are abilities of the contracts manager.
The Contracts Manager identifies and plans procurement activities, proposes project procurement for their projects, approves requests for procurement within the limits of approved budgets, proposes amendments to existing contracts, helping-if necessary - during technical negotiations. He also prepares the specifications and Terms of Reference, suggests sources to perform, assists in the evaluation of tenders, monitors and approves / correct invoices based on signed contracts and work progress / execution.
Moreover, he processes valid applications for procurement, control specifications and Terms of Reference for completeness and reasonableness, keeps records of procurement, prepares tender documents, works with technical, legal and financial services, attends the opening / evaluation of bids, awards decisions, advises on rules and procedures, creates financial commitments based on valid contracts.
These are just a few of the topics analyzed in the study materials of these books. The certified professional contracts manager exam will demonstrate that passing candidates have the required standards to perform the duties of this profession. The exam is open to all contracting professionals who have completed successfully the competencies of the Contract Management Body of Knowledge (CMBOK), and those who have been working in the field, having more than 3 years of professional experience.
In order to participate in the certified professional contracts manager exam, individuals need to submit their application to the NCMA, which reviews and approves the application, allowing the candidates to proceed. The CPCM exam is offered once per week, and failing candidates need to wait for 30 days before giving the exam again.
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