Under Government Code §2261.253, the Texas Department
of Insurance implements the following procedures for contracts for
the purchase of goods or services from private vendors until the contract
expires or is completed.
(1) For each contract with a value greater than $25,000,
the procurement director will evaluate whether enhanced contract or
performance monitoring is appropriate. The procurement director may
evaluate whether enhanced contract or performance monitoring is appropriate
for contracts with a value less than $25,000. Criteria that may be
considered include:
(A) total cost of the contract, including contract
renewals;
(B) risk of loss to the department under the contract;
(C) department resources available for enhanced contract
or performance monitoring; and
(D) whether the vendor is a foreign or domestic person
or entity.
(2) After evaluation of the contract, if enhanced contract
or performance monitoring is appropriate, the procurement director
or designee will immediately report to the commissioner of insurance,
the commissioner of workers' compensation, or both commissioners,
as appropriate, based on the subject matter of the contract:
(A) the basis for determination as to whether enhanced
contract or performance monitoring is appropriate;
(B) include any serious issues or risks identified
with the contract, if applicable; and
(C) if enhanced contract or performance monitoring
is appropriate, the department's plan for carrying out the enhanced
contract or performance monitoring.
|
