Common use of AUDIT AND FINAL COST ADJUSTMENT Clause in Contracts

AUDIT AND FINAL COST ADJUSTMENT. When the work is completed, the State will complete an audit review of the payments made under this agreement. The LPA agrees to reimburse the State for any overpayments identified in the audit review, and the State agrees to reimburse the LPA for any identified underpayments. The LPA agrees to pay the State within thirty days after receipt of a billing from the State.