CAPPS LBB REPORTING Overview A “Contract” is defined by the State of Texas Contract Management Guide as, “A written agreement where a contractor provides goods or services and the agency pays for such goods and services in accordance with the established price, terms and conditions.” In CAPPS, a contract record can be created as a Purchase Order record, a Procurement Contract record or a mixture of both. Agencies are required to report specific contract data to the Legislative Budget Board. For details on the reporting requirements, visit the LBB’s .
CAPPS LBB REPORTING Overview A “Contract” is defined by the State of Texas Contract Management Guide as, “A written agreement where a contractor provides goods or services and the agency pays for such goods and services in accordance with the established price, terms and conditions.” In CAPPS, a contract record can be created as a Purchase Order record, a Procurement Contract record or a mixture of both. Agencies are required to report specific contract data to the Legislative Budget Board. For details on the reporting requirements, visit the LBB’s .