What must be obtained for any contract change estimated to be $1M or more?

In the context of contract changes estimated to be $1 million or more, obtaining a legal review and documentation in the contract file is critical to ensure compliance with regulatory requirements and protect the interests of the organization. The legal review helps identify any potential risks or implications that the contract change may pose, ensuring that all changes are valid and enforceable under the terms of the contract and applicable laws.

Moreover, proper documentation serves as a record of the approval process and any modifications made, which is essential for accountability and transparency. This documentation can also provide a clear reference for future audits or disputes, thereby safeguarding against any legal controversies that may arise.

While budgetary approval and stakeholder consensus may be important aspects of the contracting process, they do not specifically address the legal and regulatory oversight necessary for significant contract modifications. Performance evaluations of past contractors, although useful for other purposes, do not directly apply to ensuring the proper handling of contract changes. Therefore, the necessity of a legal review and complete documentation makes this choice the most appropriate for a contract change of this magnitude.