Common use of Record-keeping And Retention, Inspection Of Records Clause in Contracts

Record-keeping And Retention, Inspection Of Records. The Contractor shall maintain records, books, files and other data as specified in the Contract and in such detail as shall properly substantiate claims for payment under the Contract, for a minimum retention period of seven (7) years beginning on the first day after the final payment under the Contract, or such longer period as is necessary for the resolution of any litigation, claim, negotiation, audit or other inquiry involving a Contract. The Town shall have access during the Contractor’s regular business hours and upon reasonable prior notice, to such records, including on-site reviews and reproduction of such records at a reasonable expense.

Record-keeping And Retention, Inspection Of Records. The Contractor shall maintain records, books, files and other data as specified in the this Contract and in such detail as shall properly substantiate claims for payment under the this Contract, for a minimum retention period of seven (7) years beginning on the first day after the final payment under the this Contract, or such longer period as is necessary for the resolution of any litigation, claim, negotiation, audit or other inquiry involving a this Contract. The Town shall have access during the Contractor’s regular business hours and upon reasonable prior notice, to such records, including on-site reviews and reproduction of such records at a reasonable expense.