Common use of RECORD KEEPING; AUDIT Clause in Contracts

RECORD KEEPING; AUDIT. A. The Grantee shall maintain books, records and documents directly pertinent to performance under this Agreement in accordance with United States generally accepted accounting principles (US GAAP) consistently applied. The Department, the State, or their authorized representatives shall have access to such records for audit purposes during the term of this Agreement and for five (5) years following the completion date or termination of the Agreement. In the event any work is subcontracted, the Grantee shall similarly require each subcontractor to maintain and allow access to such records for audit purposes.

Appears in 4 contracts

Samples: Project Agreement, Dep Agreement, Dep Agreement

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