Common use of Accounting; Audit Access Clause in Contracts

Accounting; Audit Access. The CM/GC shall keep full and detailed accounts and exercise such controls as may be necessary for proper financial management under the Contract; the accounting and control systems shall be satisfactory to Owner. Owner and Owner's representatives, including the Oregon Secretary of State accountants and auditors, shall be afforded reasonable and regular access to the CM/GC's records, books, correspondence, instructions, drawings, receipts, subcontracts, purchase orders, vouchers, memoranda and other electronic and hard copy data relating to the CM/GC’s right to payment under and the CM/GC’s compliance with the terms and conditions of this Contract, and the CM/GC shall preserve these for a period of ten years after final payment, as set forth in Section B.9.2 of the OSU General Conditions, or for such longer period as may be required by law.