Certified Texas Contract Manager Practice Exam

Which type of contract accounts for 23.7% of the total?

1. All special trade construction contracts

2. Commodities contracts

3. Professional services contracts

4. All other service contracts

The correct answer is: Professional services contracts

The correct answer is professional services contracts. This type of contract plays a significant role in the overall contracting landscape, often making up a substantial percentage of total contracts due to the nature of the services provided, which may include consulting, legal, architectural, and other specialized services. These contracts are vital in both public and private sectors, as they ensure that an organization can access specific expertise that is crucial for project success. Other options, while relevant within their respective categories, typically do not represent as significant a proportion of total contracts. Special trade construction contracts often account for different percentages that may vary based on market conditions and specific project requirements. Commodities and all other service contracts similarly encompass a variety of agreements that may not tend to reach the same level of representation within the total contracting framework as professional services contracts do.