GAAP Matrix
GAAP Matrix
GAAP Matrix
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Issue Risk and Rating Mitigating Actions AlreadyTaken or Included(and Estimated Cost*)contractors (Moderate)Additional Mitigation ActionsProposed, Responsible Agency (andEstimated Cost*)Provide oversight by reputabletechnical panel ;Publish bid awards and trends;Use of debarment provisionsSchedule and Milestonesof <strong>GAAP</strong> Actions*2. Lack of competition;coercion to preventpotential bidderspurchasing biddingdocuments (High)Advertising in broadlycirculated newspapersAdditional bidderworkshops to publicize theopportunities andproceduresModify qualification criteria in biddoc; Establish register of potentialbidders and send bid notices;($90,000)Make bidding documents availableon the website;Study the contracting industry($120,000)The procedures to beestablished and providedto design consultantsfrom year 1Make bid documentsavailable on websitesfrom the starte-Procurement as soon as the Bankrecommendedmodifications aremade; Enhance use of ComplaintslineContracting IndustryStudy Yr 1-23. Framing ofspecifications andselection criteria tofavor particularsuppliers (Moderate)Designers alerted to suchrisks;Review by MSU, PHED, andBankTrain designers in minimizing risksReview by third party specialists($1.2 M incl. in #1)Starting from Yr 1