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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 260. Office of Management and Enterprise Services |
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Chapter 65. Construction and Properties |
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Subchapter 27. Use of Best Value Competitive Proposals to Award a Contract |
SECTION 260:65-27-11. Risk minimization and performance
Latest version.
- (a) The Risk Minimization and Performance Measurement phase begins upon award of the project contract. Risk includes anything that impacts project cost, quality or project schedule caused by the vendor, the State, unforeseen conditions or other parties. The Phase consists of, but is not limited to:(b) Weekly Risk Report System (WRR). The WRR is a project requirement and tool the vendor must use to manage and document all risks that occur throughout a project. The WRR is a standardized format prescribed by the Administrator, which may include:(1) all key contact information;(2) project milestone schedule;(3) risk sheet;(4) modification/deviation tracking;(5) risk management plan (RMP);(6) any risks the Department may require the vendor to document that could impact the customer or the Department's satisfaction.(7) performance measurements(c) The vendor shall submit a risk report for the project/service weekly throughout their contract, or as otherwise required by the Administrator.