| (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.
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