Common use of Responsibilities of Contractor Clause in Contracts

Responsibilities of Contractor. A. The parties understand and agree that Contractor possesses the requisite skills necessary to perform the work under this Contract and County relies upon such skills. Contractor pledges to perform the work skillfully and professionally. County's acceptance of Contractor's work does not constitute a release of Contractor from professional responsibility. B. Contractor verifies that Contractor has reviewed the scope of work to be performed under this Contract and agrees that in Contractor’s professional judgment, the work can and shall be completed for costs within the maximum amount set forth in this Contract. C. To fully comply with the terms and conditions of this Contract, Contractor shall: (1) Establish and maintain a system of accounts for budgeted funds that complies with generally accepted accounting principles for government agencies; (2) Document all costs by maintaining complete and accurate records of all financial transactions associated with this Contract, including, but not limited to, invoices and other official documentation that sufficiently support all charges under this Contract; (3) Submit monthly reimbursement claims for expenditures that directly benefit Xxxxxx County; (4) Be liable for repayment of any disallowed costs identified through quarterly reports, audits, monitoring or other sources; and (5) Retain financial, programmatic, client data and other service records for 3 years from the date of the end of the contract award or for 3 years from the date of termination, whichever is later.

Appears in 20 contracts

Samples: Pre K Academy Contract, Standard Contract, Standard Contract

AutoNDA by SimpleDocs

Responsibilities of Contractor. A. The parties understand and agree that Contractor possesses the requisite skills necessary to perform the work under this Contract and County relies upon such skills. Contractor pledges to perform the work skillfully and professionally. County's acceptance of Contractor's work does not constitute a release of Contractor from professional responsibility. B. Contractor verifies that Contractor has reviewed the scope of work to be performed under this Contract and agrees that in Contractor’s professional judgment, the work can and shall be completed for costs within the maximum amount set forth in this Contract. C. To fully comply with the terms and conditions of this Contract, Contractor shall: (1) Establish and maintain a system of accounts for budgeted funds that complies with generally accepted accounting principles for government agencies; (2) Document all costs by maintaining complete and accurate records of all financial transactions associated with this Contract, including, but not limited to, invoices and other official documentation that sufficiently support all charges under this Contract; (3) Submit monthly reimbursement claims for expenditures that directly benefit Xxxxxx Solano County; (4) Be liable for repayment of any disallowed costs identified through quarterly reports, audits, monitoring or other sources; and (5) Retain financial, programmatic, client data and other service records for 3 years from the date of the end of the contract award or for 3 years from the date of termination, whichever is later.

Appears in 10 contracts

Samples: Standard Contract, Standard Contract, Standard Contract

Responsibilities of Contractor. A. The parties understand and agree that Contractor possesses the requisite skills necessary to perform the work under this Contract and County relies upon such skills. Contractor pledges to perform the work skillfully and professionally. County's acceptance of Contractor's work does not constitute a release of Contractor from professional responsibility. B. Contractor verifies that Contractor has reviewed the scope of work to be performed under this Contract and agrees that in Contractor’s professional judgment, the work can and shall be completed for costs within the maximum amount set forth in this Contract. C. To fully comply with the terms and conditions of this Contract, Contractor shall: (1) Establish and maintain a system of accounts for budgeted funds that complies with generally accepted accounting principles for government agencies; (2) Document all costs by maintaining complete and accurate records of all financial transactions associated with this Contract, including, but not limited to, invoices and other official documentation that sufficiently support all charges under this Contract; County; (3) Submit monthly reimbursement claims for expenditures that directly benefit Xxxxxx County;Xxxxxx (4) Be liable for repayment of any disallowed costs identified through quarterly reports, audits, monitoring or other sources; and (5) Retain financial, programmatic, client data and other service records for 3 years from the date of the end of the contract award or for 3 years from the date of termination, whichever is later.

Appears in 4 contracts

Samples: Contract, Standard Contract, Standard Contract

Responsibilities of Contractor. A. The parties understand and agree that Contractor possesses the requisite skills necessary to perform the work under this Contract and County Xxxxxx EDC relies upon such skills. Contractor pledges to perform the work skillfully and professionally. CountyXxxxxx EDC's acceptance of Contractor's work does not constitute a release of Contractor from professional responsibility. B. Contractor verifies that Contractor has reviewed the scope of work to be performed under this Contract and agrees that in Contractor’s professional judgment, the work can and shall be completed for costs within the maximum amount set forth in this Contract. C. To fully comply with the terms and conditions of this Contract, Contractor shall: (1) Establish and maintain a system of accounts for budgeted funds that complies with generally accepted accounting principles for government agencies; (2) Document all costs by maintaining complete and accurate records of all financial transactions associated with this Contract, including, but not limited to, invoices and other official documentation that sufficiently support all charges under this Contract; (3) Submit monthly reimbursement claims for expenditures that directly benefit Xxxxxx Solano County; (4) Be liable for repayment of any disallowed costs identified through quarterly reports, audits, monitoring or other sources; and (5) Retain financial, programmatic, client data and other service records for 3 years from the date of the end of the contract award or for 3 years from the date of termination, whichever is later.

Appears in 1 contract

Samples: Standard Contract

AutoNDA by SimpleDocs

Responsibilities of Contractor. A. The parties understand and agree that Contractor possesses the requisite skills necessary to perform the work under this Contract and County WDB relies upon such skills. Contractor pledges to perform the work skillfully and professionally. County's WDB’s acceptance of Contractor's ’s work does not constitute a release of Contractor from professional responsibility. B. Contractor verifies that Contractor has reviewed the scope of work to be performed under this Contract and agrees that in Contractorthe contractor’s professional judgment, the work can and shall be completed for costs within the maximum amount set forth in this Contract. C. To fully comply with the terms and conditions of this Contract, Contractor shall: (1) Establish and maintain a system of accounts for budgeted funds that complies with generally accepted accounting principles for government agencies; (2) Document all costs by maintaining complete and accurate records of all financial transactions associated with this Contract, including, but not limited to, invoices and other official documentation that sufficiently support all charges under this Contract; (3) Submit monthly reimbursement claims for expenditures that are directly benefit Xxxxxx Countyassociated with this contract; (4) Be liable for repayment of any disallowed costs identified through quarterly reports, audits, monitoring or other sources; and, (5) Retain financial, programmatic, client data and other service records for 3 three (3) years from the date of the end of the contract award or for 3 three (3) years from the date of termination, whichever is later.

Appears in 1 contract

Samples: Service Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!