(a) Pursuant to Texas Government Code, §2261.253,
the commission shall assess each contract to determine appropriate
contract and performance monitoring requirements.
(b) The executive director or his designee shall ensure
that risk assessment factors are used to determine when enhanced contract
or performance monitoring is required for a contract. The criteria
for evaluating risk include:
(1) the total contract amount;
(2) the funding source(s);
(3) the scope and complexity of the goods or services;
(4) the risk of fraud, waste, or abuse; and
(5) the importance of the work to the agency's mission
or infrastructure.
(c) Contracts shall be monitored in accordance with
the agency's policies and Contract Management Handbook.
(d) The executive director will receive regular reports
on contracts identified for enhanced monitoring, and where serious
issues or risks are identified, the executive director shall notify
the commission.
(e) This section does not apply to a memorandum of
understanding, memorandum of agreement, interagency contract, inter-local
agreement, intergovernmental contract or contract for which there
is not a cost.
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