Common use of Records and Financial Audit Clause in Contracts

Records and Financial Audit. The Contractor shall maintain detailed time and expenditure records that indicate the date, time, nature and cost of services rendered during the Agreement’s term and effect and retain them for a period of three (3) years from the date of final payment under this Agreement. The records shall be subject to inspection by PSFA, the Department of Finance and Administration and the State Auditor. PSFA shall have the right to audit xxxxxxxx both before and after payment. Payment under this Agreement shall not foreclose the right of PSFA to recover excessive or illegal payments

Records and Financial Audit. The Contractor shall maintain detailed time and expenditure records that indicate the date, ; time, nature and cost of services rendered during the Agreement’s term and effect and retain them for a period of three (3) years from the date of final payment under this Agreement. The records shall be subject to inspection by the Owner and PSFA, the Department of Finance and Administration and the State Auditor. The Owner and PSFA shall have the right to audit xxxxxxxx both before and after payment. Payment under this Agreement shall not foreclose the right of the Owner and PSFA to recover excessive or illegal payments.

Records and Financial Audit. The Contractor shall maintain detailed time and expenditure records that indicate the date, ; time, nature and cost of services rendered during the Agreement’s term and effect and retain them for a period of three (3) years from the date of final payment under this Agreement. The records shall be subject to inspection by the PSFA, the Department of Finance and Administration General Services Department/State Purchasing Division and the State Auditor. The PSFA shall have the right to audit xxxxxxxx both before and after payment. Payment under this Agreement shall not foreclose the right of the PSFA to recover excessive or illegal payments