Common use of Payment Audit Clause in Contracts

Payment Audit. Broker will maintain records of costs incurred under terms of the Contract. Records of costs incurred will include the Broker’s general accounting records, together with supporting documents and records of the Broker and all subcontractors performing work, and all other records of the Broker and subcontractors considered necessary by the Department, State’s Chief Financial Officer or the Office of the Auditor General for audit.