Access to Contractor Records/Audits. Contractor shall retain all records relating to this Contract during the term of this Contract and for a period of seven years after the termination of this Contract unless legally required to retain for a longer period. Contractor shall make the records available at all reasonable times for inspection and audit by University, the Auditor of the State of Iowa or any other auditor or representative University deems appropriate. If an inspection or audit discloses incorrect xxxxxxxx or improprieties, University may charge Contractor for the cost of the inspection or audit and pursue appropriate reimbursement.
Access to Contractor Records/Audits. Contractor shall retain all records and documents and shall provide unlimited access, at all reasonable times and upon reasonable notice, to all accounting records and supporting documentation relating to the goods and services furnished during the term of this Contract and for a period of seven (7) years thereafter, unless required to retain for a longer period by state or federal statute. The Generators reserve the right to audit such records and employ the Auditor of the State of Iowa or any other auditor the Generators deem appropriate to perform an audit of Contractor records. Should such audit disclose incorrect xxxxxxxx or improprieties, the Generators reserve the right to charge Contractor for the cost of the audit and pursue appropriate reimbursement. Evidence of criminal intent will be turned over to the proper authority.
