Audit and Technical Examination Clause Samples
The 'Audit and Technical Examination' clause grants one party the right to review and inspect the records, processes, or systems of the other party to ensure compliance with contractual obligations. In practice, this may involve scheduled or unscheduled audits of financial documents, operational procedures, or technical infrastructure, often with advance notice and within certain limits to protect confidentiality. The core function of this clause is to provide transparency and accountability, helping to detect non-compliance or issues early and thereby reducing risk for the auditing party.
Audit and Technical Examination. Government shall have the right to cause an audit and technical examination of the works and the final bill of the contract including all supporting vouchers, abstract etc. to be made after payment of the final bill and if as a result of such audit and technical examination any sum is found to have been overpaid in respect of any work done by the contractor under the contract or any work claimed by him to have been done under the contract and found not to, have been executed, the Contractor shall be liable to refund the amount of overpayment and it shall be lawful for Government to recover the same from him in the manner prescribed in clause 24 above and if it is found that the Contractor was paid less than what was due to him, under the contract in respect of any work executed by him under it, the amount of such under payment shall be duly paid by Government to the Contractor.