Common use of AUDITING, RECORDS, AND INSPECTION Clause in Contracts

AUDITING, RECORDS, AND INSPECTION. In the performance of this Contract, CONTRACTOR shall keep books, records and accounts of all activities, related to the Contract, in compliance with generally accepted accounting procedures. Throughout the term of this Contract, books, records and accounts related to the performance of this Contract shall be open to inspection during regular business hours by an authorized representative of OWNER and shall be retained by CONTRACTOR, for a period of three years after termination or completion of the Contract or until the full OWNER audit is complete, whichever comes first. The OWNER shall retain the right to audit the books during the three-year period. All books, records and accounts related to the performance of this Contract shall be subject to the applicable provisions of the Florida Public Records Act, Chapter 119, Florida Statutes. The OWNER also has the right to conduct and audit within sixty (60) days from the effective date of this Contract to determine whether CONTRACTOR has the ability to fulfill its contractual obligations to the satisfaction of the OWNER. The OWNER has the right to terminate this Contract based upon the findings in this audit without regard to any notice requirement for termination.

AUDITING, RECORDS, AND INSPECTION. In the performance of this ContractAgreement, the CONTRACTOR shall keep books, records records, and accounts of all activities, related to the ContractAgreement, in compliance with generally accepted accounting procedures. Throughout the term of this ContractAgreement, books, records records, and accounts related to the performance of this Contract Agreement shall be open to inspection during regular business hours by an authorized representative of OWNER TOHO, and shall be retained by CONTRACTOR, the CONTRACTOR for a period of three years after termination or completion of the Contract Agreement, or until the full OWNER TOHO audit is complete, whichever comes first. The OWNER TOHO shall retain the right to audit the books during the three-year retention period. All books, records records, and accounts related to the performance of this Contract Agreement shall be subject to the applicable provisions of the Florida Public Records Act, Chapter chapter 119, Florida Statutes. The OWNER TOHO also has the right to conduct and an audit within sixty (60) days from the effective date of this Contract Agreement to determine whether the CONTRACTOR has the ability to fulfill its contractual obligations to the satisfaction of the OWNERTOHO. The OWNER TOHO has the right to terminate this Contract Agreement based upon the its findings in this audit without regard to any notice requirement for terminationthe termination provision set forth herein.

AUDITING, RECORDS, AND INSPECTION. In the performance of this ContractAgreement, the CONTRACTOR shall keep books, records records, and accounts of all activities, related to the ContractAgreement, in compliance with generally accepted accounting procedures. Throughout the term of this ContractAgreement, books, records records, and accounts related to the performance of this Contract Agreement shall be open to inspection during regular business hours by an authorized representative of OWNER the CITY and shall be retained by the CONTRACTOR, for a period of three years after termination or completion of the Contract Agreement or until the full OWNER CITY audit is complete, whichever comes first. The OWNER CITY shall retain the right to audit the books during the three-year retention period. All books, records records, and accounts related to the performance of this Contract Agreement shall be subject to the applicable provisions of the Florida Public Records Records-Act, Chapter chapter 119, Florida Statutes. The OWNER CITY also has the right to conduct and an audit within sixty (60) days from the effective date of this Contract Agreement to determine whether the CONTRACTOR has the ability to fulfill its contractual obligations to the satisfaction of the OWNERCITY. The OWNER CITY has the right to terminate this Contract Agreement based upon the findings in this audit without regard to any notice requirement for termination.