(1) "Contingency-based contract" means a contract entered into by a state agency and a vendor for services that:
(a) Requires all or part of the vendor's compensation to be computed by multiplying a stated percentage times the amount of measurable savings in the state agency's expenditures or costs of operation that are demonstrably attributable to the vendor's services under the contract; and
(b) Is entered into without the authority of a state statute that specifically authorizes the agency to enter into such a contract.
(2) "Office" means the office of state planning and budgeting created in section 24-37-102.
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