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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 753. University Hospitals Trust |
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Chapter 11. Acquisitions and Construction |
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Subchapter 11. Best Value Methodology |
SECTION 753:11-11-4. 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 Trust, unforeseen conditions, or other parties. The Phase consists of, but is not limited to, a Risk Report detailing information provided by the Construction Manager, which may include:(1) all key contact information;(2) project milestone schedule;(3) risk sheet;(4) modification/deviation tracking;(5) Risk Management Plan;(6) any risks the Trust may require the vendor to document that could impact satisfaction; and(7) performance measurements.(b) The Construction Manager shall submit a Risk Report for the project/service weekly throughout the contract, or as otherwise required by the CFMO.