Audit of Records Sample Clauses

Audit of Records. For purpose of an audit, the Consultant shall maintain all those records relating to direct costs and expenses incurred under this Agreement, including but not limited to invoices, payrolls, bills, receipts, etc. These records must be available at all reasonable times to the Sponsor, MoDOT, the FAA, and the Comptroller General of the United States or their designees and representatives, at the Consultant's offices, at no charge, during the Agreement period and any extension thereof, and for the three (3) year period following the date of final payment made under this Agreement. If the Sponsor has notice of a potential claim against the Consultant and/or the Sponsor based on the Consultant's services under this Agreement, the Consultant, upon written request of the Sponsor, shall retain and preserve its records until the Sponsor has advised the Consultant in writing that the disputed claim is resolved.
Audit of Records. The parties agree that the County or its agent must have reasonable access to and the right to examine any records of the contractor involving transactions related to the contract or compliance with any clauses thereunder, for a period of three (3) years after final payment. The contractor shall include these same provisions in all related subcontracts. For purposes of this clause, the term “records” includes documents, and papers regardless of whether they are in written form, electronic form, or any other form.
Audit of Records. The Seller agrees to allow State and Federal auditors and State agency staff, access to all the records to this Order, for audit, inspection, and monitoring of services. Such access will be during normal business hours, or by appointment.
Audit of Records. Consultant shall maintain complete and accurate records of all payrolls, expenditures, disbursements and other cost items charged to the City or establishing the basis for an invoice, for a minimum of four years from the date of final payment to Consultant. All such records shall be clearly identifiable. Consultant shall allow City representatives to inspect, examine, copy and audit such records during regular business hours upon 24 hours’ notice.
Audit of Records. During the term of this Agreement, and for a period not less than six
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Audit of Records. The CONSULTANT shall make available at its office at all times requested retained records and records involved with disputes, litigation or settlement of claims for examination, audit, and/or reproduction by the STATE without conditions of any type. Audits shall be performed in accordance with Article 58 of the Standard Terms and Conditions. The STATE may, at its option, perform audits throughout the retained records period and may, at its option reaudit all or parts of costs previously audited.
Audit of Records. 7.1 At any time during normal business hours and as often as may be deemed necessary, the Consultant shall make available to a representative of City for examination all of its records with respect to all matters covered by this Agreement and shall permit City to audit, examine, and/or reproduce such records. Consultant shall retain such financial and program service records for at least four (4) years after termination or final payment under this Agreement. 7.2 The Consultant shall include the City’s right to audit under this section in any and all of their subcontracts, and shall ensure that these sections are binding upon all subcontractors.
Audit of Records. The Contractor agrees to maintain the financial books and records (including supporting documentation) pertaining to the performance of this Contract according to standard accounting principles and procedures. The books and records shall be maintained for a period of three (3) years after completion of this Contract, except that books and records which are the subject of an audit finding shall be retained for three (3) years after such finding has been resolved. If the Contractor goes out of business, the Contractor shall forward the books and records to the Owner to be retained by the Owner for the period of time required herein. The Owner, or its designated representative(s), shall have the right to inspect and audit (including the right to copy and/or transcribe) the books and records of the Contractor pertaining to the performance this Contract during normal business hours. The Owner will provide prior written notice to the Contractor of the audit and inspection. If the books and records are not located within Xxxxx County, the Contractor agrees to deliver them to the Owner, or to the address, designated by the Owner, within Xxxxx County. In lieu of such delivery, the Contractor may elect to reimburse the Owner for the cost of travel (including transportation, lodging, meals and other related expenses) to inspect and audit the books and records at the Contractor’s office. If the books and records provided to the Owner are incomplete, the Contractor agrees to remedy the deficiency after written notice thereof from the Owner, and to reimburse the Owner for any additional costs associated therewith including, without limitation, having to revisit the Contractor's office. The Contractor's failure to remedy the deficiency shall constitute a material breach of this Agreement. The Owner shall be entitled to its costs and reasonable attorney fees in enforcing the provisions of this Paragraph. If, at any time during the term of this Contract, or at any time after the expiration or termination of the Contract, the Owner or the Owner’s designated representative(s) finds the dollar liability is less than payments made by the Owner to the Contractor, the Contractor agrees that the difference shall be either: (a) repaid immediately by the Contractor to the Owner or (b) at the Owner’s option, credited against any future xxxxxxxx due the Contractor.
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