Common use of Record Retention and Inspection Clause in Contracts

Record Retention and Inspection. Audit Settlement 8.37.1 In the event that an audit of Contractor is conducted specifically regarding this Master Agreement by any federal or state auditor, or by any auditor or accountant employed by Contractor or otherwise, then Contractor must file a copy of such audit report with the County’s Auditor-Controller within 30 Days of Contractor’s receipt thereof, unless otherwise provided by applicable federal or state law or under this Master Agreement. The County will make a reasonable effort to maintain the confidentiality of such audit report(s). 8.37.2 Failure on the part of Contractor to comply with any of the provisions of this Paragraph will constitute a material breach of this Master Agreement upon which the County may terminate or suspend this Master Agreement. 8.37.3 If, at any time during the Term of this Master Agreement or within five years after the expiration or termination of this Master Agreement, representatives of the County may conduct an audit of Contractor regarding the Work performed under this Master Agreement, and if such audit finds that County’s dollar liability for any such Work is less than payments made by the County to Contractor, then the difference will be either: (a) repaid by Contractor to the County by cash payment upon demand, or (b) at the sole option of the County’s Auditor-Controller, deducted from any amounts due to Contractor from the County, whether under this Master Agreement or otherwise. If such audit finds that the County’s dollar liability for such Work is more than the payments made by the County to Contractor, then the difference will be paid to Contractor by the County by cash payment, provided that in no event will County’s maximum obligation for this Master Agreement exceed the funds appropriated by the County for the purpose of this Master Agreement.

Record Retention and Inspection. Audit Settlement 8.37.1 In the event that an audit of Contractor is conducted specifically regarding this Master Agreement by any federal or state auditor, or by any auditor or accountant employed by Contractor or otherwise, then Contractor must file a copy of such audit report with the County’s Auditor-Controller within 30 Days of Contractor’s receipt thereof, unless otherwise provided by applicable federal Federal or state State law or under this Master Agreement. The County will make a reasonable effort to maintain the confidentiality of such audit report(s). 8.37.2 Failure on the part of Contractor to comply with any of the provisions of this Paragraph 8.37 (Record Retention and Inspection-Audit Settlement) will constitute a material breach of this Master Agreement upon which the County may terminate or suspend this Master Agreement. 8.37.3 If, at any time during the Term term of this Master Agreement or within five years after the expiration or termination of this Master Agreement, representatives of the County may conduct an audit of Contractor regarding the Work performed under this Master Agreement, and if such audit finds that the County’s dollar liability for any such Work is less than payments made by the County to Contractor, then the difference will be either: (a) repaid by Contractor to the County by cash payment upon demand, or (b) at the sole option of the County’s Auditor-Controller, deducted from any amounts due to Contractor from the County, whether under this Master Agreement or otherwise. If such audit finds that the County’s dollar liability for such Work is more than the payments made by the County to Contractor, then the difference will be paid to Contractor by the County by cash payment, provided that in no event will the County’s maximum obligation for this Master Agreement exceed the funds appropriated by the County for the purpose of this Master Agreement.

Record Retention and Inspection. Audit Settlement 8.37.1 In the event that an audit of Contractor is conducted specifically regarding this Master Agreement by any federal or state auditor, or by any auditor or accountant employed by Contractor or otherwise, then Contractor must file a copy of such audit report with the County’s Auditor-Controller within 30 Days of Contractor’s receipt thereof, unless otherwise provided by applicable federal or state law or under this Master Agreement. The County will make a reasonable effort to maintain the confidentiality of such audit report(s). 8.37.2 Failure on the part of Contractor to comply with any of the provisions of this Paragraph 8.37 (Record Retention and Inspection-Audit Settlement) will constitute a material breach of this Master Agreement upon which the County may terminate or suspend this Master Agreement. 8.37.3 If, at any time during the Term of this Master Agreement or within five years after the expiration or termination of this Master Agreement, representatives of the County may conduct an audit of Contractor regarding the Work performed under this Master Agreement, and if such audit finds that County’s dollar liability for any such Work is less than payments made by the County to Contractor, then the difference will be either: (a) repaid by Contractor to the County by cash payment upon demand, demand or (b) at the sole option of the County’s Auditor-Controller, deducted from any amounts due to Contractor from the County, whether under this Master Agreement or otherwise. If such audit finds that the County’s dollar liability for such Work is more than the payments made by the County to Contractor, then the difference will be paid to Contractor by the County by cash payment, provided that in no event will the County’s maximum obligation for this Master Agreement exceed the funds appropriated by the County for the purpose of this Master Agreement.

Record Retention and Inspection. Audit Settlement 8.37.1 8.38.1 In the event that an audit of Contractor is conducted specifically regarding this Master Agreement Contract by any federal Federal or state State auditor, or by any auditor or accountant employed by the Contractor or otherwise, then Contractor must shall file a copy of such audit report with the County’s Auditor-Controller within 30 Days calendar days of Contractor’s receipt thereof, unless otherwise provided by applicable federal Federal or state State law or under this Master AgreementContract. The Subject to applicable law, County will shall make a reasonable effort to maintain the confidentiality of such audit report(s). 8.37.2 8.38.2 Failure on the part of Contractor to comply with any of the provisions of this Paragraph will 8.38 (Record Retention and Inspection/Audit Settlement) shall constitute a material breach of this Master Agreement Contract upon which the County may terminate or suspend this Master AgreementContract. 8.37.3 8.38.3 If, at any time during the Term term of this Master Agreement Contract or within five years after the expiration or termination of this Master AgreementContract, representatives of the County may conduct an audit of Contractor regarding the Work performed under this Master AgreementContract, and if such audit finds that County’s dollar liability for any such Work is less than payments made by the County to Contractor, then the difference will shall be either: (a) repaid by Contractor to the County by cash payment upon demand, demand or (b) at the sole option of the County’s Auditor-Controller, deducted from any amounts due to Contractor from the County, whether under this Master Agreement Contract or otherwise. If such audit finds that the County’s dollar liability for such Work is more than the payments made by the County to Contractor, then the difference will shall be paid to Contractor by the County by cash payment, provided that in no event will shall County’s maximum obligation for this Master Agreement Contract exceed the funds appropriated by the County for the purpose of this Master AgreementContract.

Record Retention and Inspection. Audit SettlementAUDIT SETTLEMENT 8.37.1 In the event that an audit of Contractor is conducted specifically regarding this Master Agreement by any federal Federal or state State auditor, or by any auditor or accountant employed by the Contractor or otherwise, then Contractor must shall file a copy of such audit report with the County’s County of Los Angeles Auditor-Controller within 30 Days thirty (30) days of Contractor’s receipt thereof, unless otherwise provided by applicable federal Federal or state State law or under this Master Agreement. The County will shall make a reasonable effort to maintain the confidentiality of such audit report(s). 8.37.2 Failure on the part of Contractor to comply with any of the provisions of this Paragraph will sub-paragraph shall constitute a material breach of this Master Agreement upon which the County may terminate or suspend this Master Agreement. 8.37.3 If, at any time during the Term term of this Master Agreement or within five (5) years after the expiration or termination of this Master Agreement, representatives of the County may conduct an audit of Contractor regarding the Work work performed under this Master Agreement, and if such audit finds that County’s dollar liability for any such Work work is less than payments made by the County to the Contractor, then the difference will shall be either: (a) repaid by Contractor to the County by cash payment upon demand, demand or (b) at the sole option of the County’s County of Los Angeles Auditor-Controller, deducted from any amounts due to Contractor from the County, whether under this Master Agreement or otherwise. If such audit finds that the County’s dollar liability for such Work work is more than the payments made by the County to Contractor, then the difference will shall be paid to Contractor by the County by cash payment, provided that in no event will shall County’s maximum obligation for this Master Agreement exceed the funds appropriated by the County for the purpose of this Master Agreement.

Record Retention and Inspection. Audit Settlement 8.37.1 In the event that an audit of Contractor is conducted specifically regarding this Master Agreement by any federal or state auditor, or by any auditor or accountant employed by Contractor or otherwise, then Contractor must file a copy of such audit report with the County’s Auditor-Controller within 30 Days of Contractor’s receipt thereof, unless otherwise provided by applicable federal or state law or under this Master Agreement. The County will make a reasonable effort to maintain the confidentiality of such audit report(s). 8.37.2 Failure on the part of Contractor to comply with any of the provisions of this Paragraph 8.37 (Record Retention and Inspection-Audit Settlement) will constitute a material breach of this Master Agreement upon which the County may terminate or suspend this Master Agreement. 8.37.3 If, at any time during the Term of this Master Agreement or within five years after the expiration or termination of this Master Agreement, representatives of the County may conduct an audit of Contractor regarding the Work performed under this Master Agreement, and if such audit finds that County’s dollar liability for any such Work is less than payments made by the County to Contractor, then the difference will be either: (a) repaid by Contractor to the County by cash payment upon demand, or (b) at the sole option of the County’s Auditor-Controller, deducted from any amounts due to Contractor from the County, whether under this Master Agreement or otherwise. If such audit finds that the County’s dollar liability for such Work is more than the payments made by the County to Contractor, then the difference will be paid to Contractor by the County by cash payment, provided that in no event will County’s maximum obligation for this Master Agreement exceed the funds appropriated by the County for the purpose of this Master Agreement.