Changes in Reporting Requirements Clause Samples
The "Changes in Reporting Requirements" clause defines the process by which modifications to the information or documentation that must be provided under an agreement are managed. Typically, this clause outlines how one party may notify the other of new or revised reporting obligations, the timeframe for compliance, and any limitations on the frequency or scope of such changes. Its core function is to ensure that both parties remain aligned with evolving regulatory, operational, or contractual reporting needs, thereby reducing the risk of non-compliance and maintaining transparency throughout the relationship.
Changes in Reporting Requirements. If the Department proposes additional reporting requirements during the term of the contract, the Contractor will have thirty (30) days to review and comment on the fiscal impact of the additional reporting requirements. The Department will consider any potential fiscal impact on the Contractor before requiring additional reporting. If the change has significant fiscal impact, the Contractor may provide the Department with written notice of termination at least ninety (90) days prior to the proposed date of termination and will not be required to provide the additional reporting.
Changes in Reporting Requirements. (a) Sections 5.5(b), 5.5(d) and 5.5(f) are hereby amended in their entirety to provide as follows:
Changes in Reporting Requirements. If the Department proposes additional reporting requirements during the term of the contract, the MCO will have thirty (30) days to review and comment on the fiscal impact of the additional reporting requirements. The Department will consider any potential fiscal impact on the MCO before requiring additional reporting. If the change has significant fiscal impact, the MCO may provide the Department with written notice of termination at least ninety (90) days prior to the proposed date of termination and will not be required to provide the additional reporting.