The more Chief Financial Officer Jeff Atwater’s Department of Financial Services reviews contracts, the more it finds lacking.
A DFS report shows auditors reviewed 898 contracts during the 2012-2013 fiscal year and found that 56 percent of them had “deficiencies,” defined as not having a clear scope of work or a verifiable way to measure progress, not having clear financial penalties for nonperformance, not defining standards for subcontractors or not referring to state statutes regarding contract standards.
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