30.1 High Risk Contracts, Defined
30.1.2 Major IT Projects - definition of “High-risk” and approval by CIO
2.2-2006 of the Code of Virginia defines a “major IT project” as any Commonwealth information technology project that has a total estimated cost of more than $1 million or that has been designated a major information technology project by the CIO.
High-risk solicitations and contracts are also considered major IT projects, and therefore, must be approved by the CIO prior to the issuance of the high-risk solicitation or award of the high-risk contract. In order for VITA SCM to recommend approval to CIO, an agency seeking to conduct a high-risk procurement must fully meet all requirements laid out in § 2.2-4303.01.
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