A Performance Audit
An Audit Report on Contracting at the Texas Tech University System
July 2019
Summary Analysis
The Texas Tech University System (System) planned, procured, and formed its contract for the construction of the Lubbock Education, Research & Technology + West Expansion project at the Texas Tech University Health Sciences Center (HSC contract) with most applicable requirements. However, the System should strengthen its process for evaluation scoring.
The System performed monitoring activities to ensure compliance with contract terms related to construction of the project. Additionally, it ensured that payments to the contractor were reviewed, accurate, allowable, and supported and findings that an external auditor identified for the pre-construction and construction phases were resolved. However, it should improve certain monitoring activities such as (1) ensuring that the contractor obtains all required bonds, (2) verifying that insurance policies contain all required clauses, and (3) requiring the contractor to update its Historically Underutilized Businesses (HUB) Subcontracting Plan as needed.
The System complied with applicable requirements related to contracting policies, procedures, training, and reporting.
The System complied with most applicable requirements to plan, procure, and form the HSC contract. However, the System should strengthen its process for evaluation scoring.
The System performed monitoring activities to ensure compliance with contract terms related to construction of the Lubbock Education, Research & Technology + West Expansion project. Additionally, the System ensured that (1) payments to the contractor were reviewed, accurate, allowable, and supported and (2) findings that an external auditor identified for the pre-construction and construction phases were resolved. However, the System should improve certain monitoring activities such as (1) ensuring that the contractor obtains all required bonds, (2) verifying that insurance policies contain all required clauses, and (3) requiring the contractor to update its HUB Subcontracting Plan as needed.
The System complied with applicable requirements related to contracting policies, procedures, training, and reporting.
Graphics, Media, Supporting documents