SECTION 210.3. Enhanced Contract Monitoring Program

(a) The department will apply risk assessment factors to agency contracts as defined in Government Code, §2261.253 to identify those contracts that require enhanced contract or performance monitoring. The risk assessment will consider the following factors:

(1) dollar amount of contract;

(2) total contract duration;

(3) vendor past performance;

(4) risk of fraud, abuse or waste;

(5) business process impact of failure or delay; and

(6) board or executive director's request for enhanced contract or performance monitoring.

(b) The department will notify the board of the results of the risk assessment and present information to the board resulting from the enhanced contract or performance monitoring.

(c) The chief financial officer or procurement manager shall immediately notify the department's governing body of any serious issue or risk that is identified under this section.

Source Note: The provisions of this §210.3 adopted to be effective March 9, 2016, 41 TexReg 1721