34 Tex. Admin. Code § 20.511 - Contracts with Value Exceeding $1 Million
(a) For each contract for the purchase of
goods or services that has a value exceeding $1 million, a state agency shall
develop and implement contract reporting requirements that provide information
on:
(1) compliance with financial provisions
and delivery schedules under the contract;
(2) corrective action plans required under
the contract and the status of any active corrective action plan; and
(3) any liquidated damages
assessed or collected under the contract.
(b) Each state agency shall verify:
(1) the accuracy of any information reported
under subsection (a) of this section that is based on information provided by a
contractor; and
(2) the delivery
time of goods or services scheduled for delivery under the contract.
(c) Except as provided by
subsection (d) of this section, a state agency may enter into a contract for
the purchase of goods or services that has a value exceeding $1 million only
if:
(1) the governing body of the state
agency approves the contract and the approved contract is signed by the
presiding officer of the governing body; or
(2) for a state agency that is not governed
by a multimember governing body, the officer who governs the agency approves
and signs the contract.
(d) The governing body or governing official
of a state agency, as appropriate, may delegate to the executive director of
the agency the approval and signature authority under subsection (c) of this
section.
(e) A highway
construction, engineering services, or maintenance contract that is in
compliance with all applicable laws related to procuring engineering services
or construction bidding and that is awarded by the Texas Department of
Transportation under Transportation Code, Chapter 223, Subchapter A, is not
required to be signed by a member of the Texas Transportation Commission or the
executive director of the department. This exception does not apply to
expedited highway improvement contracts under Transportation Code, Chapter 223,
Subchapter C, a comprehensive development agreement entered into under
Transportation Code, Chapter 223, Subchapter E, a design-build contract entered
into under Transportation Code, Subchapter F, Chapter 223, or any other
contract entered into by the Texas Department of Transportation.
Notes
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