Common use of Audit; Reporting Clause in Contracts

Audit; Reporting. The State (or the State’s designee) shall have the right to verify and audit Supplier Costs, xxxxxxxx, agreements, allowances, promotions, discounts, and rebates identified in Sections 13 through and including Section 20 of the Contract. OGS reserves the right to contact Contractor’s supplier(s) and request prices charged to Contractor for specific items. Contractor shall issue refunds, credits for sums due as a result of any overcharges, incorrect xxxxxxxx, incorrect payments, improperly retained applicable allowances etc. to the Authorized User or as designated by OGS. The requirements in SECTIONS 52 through 55 of the Contract are not intended to be restrictive; the State reserves the right to expand or diminish audit requirements as it deems proper and necessary to preserve the integrity of the contract. The number of products involved and the frequency of requests may be modified for both the bid evaluation and contract audits. The State further reserves the right to require Contractor to seek alternate pricing from independent suppliers if an OGS audit determines that the Related Party is not providing the most competitive pricing available in the market.

Audit; Reporting. The State (or the State’s designee) shall have the right to verify and audit Supplier Costs, xxxxxxxx, agreements, allowances, promotions, discounts, and rebates identified in Sections 13 through and including Section 20 of the Contract. OGS reserves the right to contact Contractor’s supplier(s) and request prices charged to Contractor for specific items. Contractor shall issue refunds, credits for sums due as a result of any overcharges, incorrect xxxxxxxx, incorrect payments, improperly retained applicable allowances etc. to the Authorized User or as designated by OGSXXX. The requirements in SECTIONS 52 through 55 of the Contract are not intended to be restrictive; the State reserves the right to expand or diminish audit requirements as it deems proper and necessary to preserve the integrity of the contract. The number of products involved and the frequency of requests may be modified for both the bid evaluation and contract audits. The State further reserves the right to require Contractor to seek alternate pricing from independent suppliers if an OGS audit determines that the Related Party is not providing the most competitive pricing available in the market.