Certified Texas Contract Manager Practice Exam

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Prepare for the Certified Texas Contract Manager Exam. Study with practice questions and detailed explanations. Get ready to ace your exam!

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What threshold value requires a completed form due to nepotism?

$500,000
$1,000,000
$250,000
$5,000,000

The correct answer is: $1,000,000

The correct threshold value that mandates the completion of a form due to nepotism in certain contracts is $1,000,000. This requirement is in place to ensure transparency and prevent conflicts of interest in contract management where familial relationships may influence the procurement process. Requiring disclosure above this dollar amount helps to identify any potential nepotistic relationships that could lead to unethical practices or favoritism in contract awards. Various regulations, including state laws, often set this threshold to ensure adequate oversight and accountability in governmental contracting processes. Therefore, acknowledging relationships that could affect contract decisions becomes crucial at this level, promoting integrity in public procurement.