1. (a) The OOG will complete a risk assessment to identify procurement contracts for goods or services from a private vendor that require enhanced contract or performance monitoring.
2. (b) The OOG will complete a risk assessment to evaluate whether enhanced contract or performance monitoring may be required for contracts with a value greater than $100,000. For contracts of a lesser value, the OOG may complete a risk assessment to evaluate whether enhanced contract or performance monitoring is indicated.

3. (c) The risk assessment may consider the following factors:

   1. (1) total cost of the contract, including contract renewals;
   2. (2) risk of loss to the agency under the contract;
   3. (3) risk of fraud, waste or abuse;
   4. (4) scope of the goods or services provided;
   5. (5) availability of agency resources;
   6. (6) complexity of the contract;
   7. (7) business process impact of failure or delay;
   8. (8) vendor past performance; and
   9. (9) whether the vendor is a foreign or domestic person or entity.
4. (d) Information on these contracts will be reported to the Chief of Staff at least quarterly. The Chief of Staff will be notified immediately of any serious issue or risk that is identified with respect to such a contract.
5. (e) This section does not apply to a memorandum of understanding, interagency contract, interlocal agreement, or contract for which there is not a cost.

Source Note:The provisions of this §5.101 adopted to be effective November 10, 2016, 41 TexReg 8813.