Contract Compliance Audit definition

Contract Compliance Audit means the review of the Contracting Body’s contracts to identify the following: areas for spend recovery; areas for credits; areas for service recoveries; areas of contract non compliance; and to include, but not be limited to, instances of: duplicate payments; the wrong supplier has been paid; overpayment on strategic services; xxxxx returned and not credited; volume rebates and early settlements discounts not obtained; incorrect pricing / contract non-compliance; and/or fraudulent activity.

Examples of Contract Compliance Audit in a sentence

  • Contract Compliance Audit (14 points) will verify that the terms, conditions and dates reflected in the General Specifications and Operating Procedures and the Contract(s) are being met.

  • The Contract Compliance Audit Process determines if the CSP performed according to the provisions of the contract with the member states.

  • Contract Compliance Audit (14 points) will verify that the terms, conditions and dates reflected in the 2015-2016 General Specifications and Operating Procedures are being met.

  • The four (4) categories of Services are detailed below: Contract Compliance Audit – the Supplier may be required to undertake Contract Compliance Audit.

  • Per agreement between WSP and the Authority on September 28, 2022, WSP will submit payment within 14 days of the issuance of the Final Contract Compliance Audit Report, which is expected on October 7, 2022.

  • The objectives of the VTG Contract Compliance Audit Strategy are to:• confirm that funding has been expended appropriately;• promote training provider regulatory and standards compliance; and• promote training provider process quality.

  • Chris ChristieGovernor Kim GuadagnoLieutenant GovernorState of New JerseyDepartment of the Treasury Division of Purchase and Property Contract Compliance& Audit Unit P O Box 236Trenton, New Jersey 08625-0236 Telephone: (609) 292-5400/Telefax (609) 292-5899CCAU@treas.state.nj.us M E M O R A N D U M Andrew P.

  • BE IT FURTHER RESOLVED that a copy of this resolution be forward to the Division of Purchase & Property Contract Compliance Audit Unit.

  • Description:This presentation will review new features in the software industry for Joint Venture Audit & Contract Compliance Audit Software, including: • Automated Date Tracking to ensure auditor and operator responses are timely performed• Dashboard Analytics to identify historical expense audit trends• Instant Audit Report generation and industry standard report libraries Learning Objectives:By the end of this presentation, you will be able to: 1.

  • The Business will initially offer the following products and services: -GPO (Group Purchasing Organization) Advisory Services -Distribution Advisory Services -Business Acquisition & Disposition Services -Specialty Sales & Marketing Program Designs -Supply Chain Contract Compliance Audit Services -Initial capabilities will also include web enabled contract product and service, request for quotation services, manufacturer contract comparison engines and vendor RFP management services.

Related to Contract Compliance Audit

  • Compliance Audit means the procedure (in a form advised by the GLA from time to time) by which an auditor independent of the Grant Recipient certifies (at the Grant Recipient's cost) whether the Named Projects developed or Rehabilitated pursuant to this Agreement satisfy the GLA's procedural compliance requirements (as described in the Affordable Housing Capital Funding Guide);

  • Compliance Review means an inspection of the home, grounds, and files to determine compliance with these regulations.

  • Assessment of Compliance As defined in Section 3.21.

  • Repeat compliance period means any subsequent compliance period after the initial compliance period.

  • major non-compliance outcome notification means a notification received by a council under section 19N(3) or (4) of the Food Act 1984, or advice given to council by an authorized officer under that Act, of a deficiency that does not pose an immediate serious threat to public health but may do so if no remedial action is taken

  • Compliance Department means the Chief Compliance Officer of Federated and those other individuals designated by him or her as responsible for implementing this Code and the Associated Procedures.

  • Labor compliance agreement means an agreement entered into between a contractor or subcontractor and an enforcement agency to address appropriate remedial measures, compliance assistance, steps to resolve issues to increase compliance with the labor laws, or other related matters.

  • Safety compliance facility means a licensee that is a commercial entity that receives marihuana from a marihuana facility or registered primary caregiver, tests it for contaminants and for tetrahydrocannabinol and other cannabinoids, returns the test results, and may return the marihuana to the marihuana facility.

  • Compliance Order means an order issued by the Code Enforcement Officer pursuant to subdivision (a) of section 15 of this local law.

  • Covenant Compliance Worksheet means a fully completed worksheet in the form of Attachment A to Exhibit C.

  • Statement of Compliance means the statement forming part of a Tender indicating the Bidders compliance with the Specification.

  • Commissioning Tests means all of the procedures and tests which, in accordance with the Reasonable and Prudent Standard, and in compliance with industry guidelines, practices and standards, are:

  • Compliance schedule means a schedule of events, by date, which will result in compliance with these regulations.

  • Environmental Compliance Reserve means any reserve which the Agent establishes in its reasonable discretion after prior written notice to the Borrower from time to time for amounts that are reasonably likely to be expended by the Borrower in order for the Borrower and its operations and property (a) to comply with any notice from a Governmental Authority asserting material non-compliance with Environmental Laws, or (b) to correct any such material non-compliance identified in a report delivered to the Agent and the Lenders pursuant to Section 7.7.

  • Collateral Quality Tests means the Collateral Quality Tests set out in the Investment Management Agreement being each of the following:

  • Annual Statement of Compliance As defined in Section 3.13.

  • Export Compliance You acknowledge that Licensor’s products and/or technology are subject to the U.S. Export Administration Regulations (the “EAR”) and You agree to comply with the EAR. You will not export or re-export Licensor’s products, directly or indirectly, to: (1) any countries that are subject to US export restrictions; (2) any end user who You know or have reason to know will utilize Licensor’s products in the design, development or production of nuclear, chemical or biological weapons, or rocket systems, space launch vehicles, and sounding rockets, or unmanned air vehicle systems; or (3) any end user who has been prohibited from participating in the US export transactions by any federal agency of the US government. By downloading or using the Software, You are agreeing to the foregoing and You are representing and warranting that You are not located in, under the control of, or a national or resident of any such country or on any such list. In addition, You are responsible for complying with any local laws in Your jurisdiction which may impact Your right to import, export or use Licensor’s products. Please consult the Bureau of Industry and Security web page xxx.xxx.xxx.xxx before exporting items subject to the EAR. Upon request, Licensor's International Trade Services Department can provide information regarding applicable export restrictions for Licensor products. Licensor assumes no responsibility for Your failure to obtain any necessary export approvals.

  • Commissioning test means tests applied to a distributed generation facility by the applicant after construction is completed to verify that the facility does not create adverse system impacts and performs to the submitted specifications. At a minimum, the scope of the commissioning tests performed shall include the commissioning test specified in Institute of Electrical and Electronics Engineers, Inc. (IEEE) Standard 1547 Section 5.4 "Commissioning tests".

  • Compliance Statement is that certain statement in the form attached hereto as Exhibit B.

  • Compliance Report means, as applicable in relation to the test being conducted, a report containing the results of the Compliance Tests carried out by State Street.

  • Reportable Compliance Event means that any Covered Entity becomes a Sanctioned Person, or is charged by indictment, criminal complaint or similar charging instrument, arraigned, or custodially detained in connection with any Anti-Terrorism Law or any predicate crime to any Anti-Terrorism Law, or has knowledge of facts or circumstances to the effect that it is reasonably likely that any aspect of its operations is in actual or probable violation of any Anti-Terrorism Law.

  • Tax Compliance Agreement means the Federal Tax Certificate, Tax Compliance Agreement, Arbitrage Agreement, or other written certification or agreement of the Issuer setting out representations and covenants for satisfying the post-issuance tax compliance requirements for the Tax-Exempt Bonds.

  • Phase I Environmental Assessment A “Phase I assessment” as described in, and meeting the criteria of, the ASTM, plus a radon and asbestos inspection.

  • Collateral Quality Test means a test that is satisfied if, as of any date of determination, in the aggregate, the Collateral Loans owned (or in relation to a proposed acquisition of a Collateral Loan, both owned and proposed to be owned) by the Borrower satisfy each of the tests set forth below, calculated in each case in accordance with Section 1.3:

  • Trading Compliance Policy means the written policy of the Company pertaining to the purchase, sale, transfer or other disposition of the Company’s equity securities by Directors, Officers, Employees or other service providers who may possess material, nonpublic information regarding the Company or its securities.

  • Compliance Costs means all expenses, commitments or obligations in excess of one million dollars ($1,000,000) incurred by Carrier or required to be incurred by Carrier to comply with a Change in Law, irrespective of whether such expenses, commitments or obligations are to be incurred as a one-time expenditure or periodically for an extended period.