Common use of Accurate and Accessible Records Clause in Contracts

Accurate and Accessible Records. CONTRACTOR shall keep accurate records of all transactions connected with this AGREEMENT including, but not limited to, all correspondence and invoices, transaction tickets, or receipts issued at all FACILITIES. CONTRACTOR shall at all times maintain an accounting system acceptable to AGENCY's Auditor-Controller that uses generally accepted accounting principles for all services rendered and materials supplied, including additional and deleted work, in connection with this AGREEMENT. The records of CONTRACTOR will be open to inspection at any reasonable times by a representative to be designated by AGENCY. Persistent and/or multiple violations of this Paragraph shall constitute a major breach.

Accurate and Accessible Records. CONTRACTOR shall keep accurate records of all transactions connected with this AGREEMENT including, but not limited to, all correspondence and invoices, transaction tickets, or receipts issued at all FACILITIES. CONTRACTOR shall at all times maintain an accounting system acceptable to AGENCY's Auditor-Controller that uses generally accepted accounting principles for all services rendered and materials supplied, including additional and deleted work, in connection with this AGREEMENT. The records of CONTRACTOR will be open to inspection at any reasonable times time by a representative to be designated by AGENCY. Persistent and/or multiple violations of this Paragraph shall constitute a major breach.