Common use of Audit and Records Retention Clause in Contracts

Audit and Records Retention. The Contractor/Supplier shall maintain, at its cost, complete and accurate records of the Goods/Services provided for the University and all Fees charged to the University, for a period of two (2) years after provision of the Goods/Services or early termination of this Agreement. During the Term, the University and any person designated by the University shall have access to the Contractor's/Supplier’s records and documentation relating to the Goods/ Services, at all reasonable times, for the purpose of auditing and verifying the performance and cost of the Goods/Services.

Audit and Records Retention. The Contractor/Supplier Contractor shall maintain, at its cost, complete and accurate records of the Goods/Services provided performed for the University and all Fees charged to the University, for a period of two Two (2) years after provision performance of the Goods/Services or early termination of this Agreementthe Term. During the Term, the University and any person designated by the University University, shall have access to the Contractor's/SupplierContractor’s records and documentation relating to the Goods/ Services, at all reasonable times, for the purpose of auditing and verifying the performance and cost of the Goods/Services.