(a) No later than December 31, 2023, the state procurement office shall implement and administer a past performance database with regard to state contractors.
(b) The state procurement office shall adopt rules no later than December 31, 2023, pursuant to chapter 91 to establish:
(1) Information required to be included in the past performance database; provided that the information shall include:
(A) The name of the state contractor;
(B) The date of the project;
(C) The size of the project;
(D) A brief description of the project;
(E) The responsible managing employees for the project;
(F) Whether or not the project was timely completed;
(G) The project's authorized budget; and
(H) The positive or negative difference between the final cost of the project and the project's authorized budget, including the reasons for the difference, if any;
(2) Procedures to inform a contractor of the information contained in the past performance database about that contractor; and
(3) Procedures for a contractor to correct or respond to the information contained in the past performance database about that contractor.