Right to Audit Records. 7.37.1 The STATE may, at reasonable times and places, audit the books and records of the CONTRACTOR, prospective contractor, subcontractor or prospective subcontractor which are related to the cost or pricing data, and a State contract, including subcontracts, other than a firm fixed-price contract. The Contractor and subcontractor(s) shall maintain the books and records for a period of four (4) years from the date of final payment under the Contract. 7.37.2 The Contractor shall ensure that its subcontractors comply with this requirement and shall bear all costs (including attorney’s fees) of enforcement in the event of its subcontractor’s failure or refusal to fully cooperate. 7.37.3 Additionally, Sections 231-7, 235-108, 237-39 and other HRS chapters through reference, authorize the Department of Taxation to audit all taxpayers conducting business within the State. Contractors must make available to the Department of Taxation all books and records necessary to verify compliance with the tax laws.
Appears in 18 contracts
Samples: Contract for Goods or Services, Contract for Goods or Services, Contract for Goods or Services
