Base Award Mandatory Audits Clause Samples
The 'Base Award Mandatory Audits' clause requires that certain audits be conducted as a standard part of the contract award process. Typically, this means the contractor must allow for regular or scheduled reviews of their financial records, performance, or compliance with contract terms, often by the awarding agency or an independent auditor. This clause ensures transparency and accountability, helping to detect and prevent fraud, waste, or non-compliance throughout the duration of the contract.
Base Award Mandatory Audits. Without limitation of Section 15.1, the Claims Processor shall conduct an audit of a sampling of at least five percent (5%) of the Base Award Claims whose enrollment forms were submitted prior to February 2, 2015. Thereafter, the Claims Processor shall audit an additional five percent (5%) of the Base Award Claims whose enrollment forms were submitted on or after February 2, 2015, unless the Claims Processor finds that two (2%) or more of the first audited claims were fraudulent or improperly processed (or the claimant fails to provide information requested to allow an audit to be conducted) in which case the Claims Processor shall conduct audits of at least an additional ten percent (10%) of Base Award Claims.