LCRA had documented policies for the purchase of goods, services, software, construction and professional and consulting services. For all 19 contracts for goods and services tested, which had a
combined value of $604 million, the LCRA ensured that each contract was executed by an appropriately authorized agent, it obtained conflict of interest documentation for contract approvers,
it properly approved the contract prior to execution, it adequately reviewed the contract purchases, and it completed supplier evaluations required by LCRA policy.
Jump to Chapter 4