Sec. 3. A report submitted by a state agency under section 2 of this chapter must include, at a minimum, the following information:
(1) The current contract expenditures compared with the maximum contract amount of the contract.
(2) Any changes made to the terms of the initial contract since the prior report, including amendments or change orders, with an explanation of necessity.
(3) The metrics used by the state agency to assess the success and performance of the contract.