Common use of Record Retention and Audit Clause in Contracts

Record Retention and Audit. Humble ISD, its agent, or any state or federal investigating agency, may audit all of Contractor’s records and accounts relating to this Agreement. Contractor shall retain any books, documents, papers, or records which are directly pertinent to this Agreement. Contractor shall retain such records and make them available for audit, review, and copying upon request, for a minimum period of five (5) years after completion of the service, receipt of the goods, the date Humble ISD receives the Contractor’s final invoice, the end date of the grant award, or the date Humble ISD makes final payments and closes pending matters in connection with this Agreement, whichever is later.