Sec. 2. A contract between a state agency and a contractor must contain the following provisions:
(1) To the extent practicable, clearly defined scopes and success metrics.
(2) Liquidated damages or other remedies for missed deadlines or overages.
(3) A requirement for either of the following:
(A) An independent third party review verifying that the parties to the contract performed their obligations under the contract in compliance with the terms of the contract.
(B) Other appropriate methods or means for verification and validation of the terms of the contract.