Common use of ACCESS AND AUDITS Clause in Contracts

ACCESS AND AUDITS. The Contractor shall maintain adequate records to justify all charges, expenses, and costs incurred in estimating and performing the Work for at least five (5) years after final payment is made. The Owner shall have access to such books, records, and documents as required for the purpose of inspection or audit during normal business hours at the Contractor’s place of business. Under no circumstances will Contractor be required to disclose any confidential or proprietary information regarding its products and service costs.

ACCESS AND AUDITS. The Contractor shall maintain adequate records to justify all charges, expenses, and costs incurred in estimating and performing the Work for at least five (5) years after final payment is made. The Owner City shall have access to such books, records, and documents as required for the purpose of inspection or audit during normal business hours at the Contractor’s place of business. Under no circumstances will Contractor be required to disclose any confidential or proprietary information regarding its products and service costs.