|(a) Contracts for the purchase of goods or services
that have a value in excess of $1 million will be identified for enhanced
contract or performance monitoring.
(b) Contracts that are identified for enhanced contract
or performance monitoring will be reported to the Board.
(c) Contracts will be monitored in accordance with
policies and procedures in the SPB contract management handbook.
(d) The Board will be notified, as appropriate, of
any serious issue or risk that is identified with respect to a contract
monitored under this rule.