Certification in Supplier Diversity Practice Exam 2025 - Free Practice Questions and Study Guide

Question: 1 / 550

What was the significance of the Central Contract Register (CCR) since October 1, 2003?

It was required for all businesses tendering bids

It became the primary registration database for US government contractors

The Central Contract Register (CCR) became the primary registration database for U.S. government contractors, which significantly streamlined the process of recording and managing contractor information and their eligibility to do business with the federal government. By centralizing this information, the CCR ensured that all government agencies had access to a standardized repository of contractor data, making it easier to verify contractor eligibility, especially for compliance with federal contracting requirements.

This centralization also facilitated greater transparency and efficiency in the procurement process, allowing for better tracking of contracts and the deployment of government funds. As a result, businesses looking to participate in government contracts were required to register in the CCR, which helped maintain a comprehensive database of all contractors and safeguarded against fraud and inefficiencies in government contracting.

The other options do not reflect the main purpose and significance of the CCR. For instance, while businesses tendering bids indeed need to register, the requirement isn’t the defining aspect of the CCR. Similarly, the CCR did not replace the Small Business Administration as it serves a different function, and it wasn't specifically established for minority-owned business certification, though minority-owned businesses are included in its database.

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It replaced the Small Business Administration

It was established for minority-owned business certification

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