Construction Books and Records. The Design-Builder shall prepare and maintain proper, accurate and complete books and records regarding the Design-Build Work and all other transactions related to the design, permitting, construction, shakedown and testing of the Design-Build Work, including all books of account, bills, vouchers, invoices, personnel rate sheets, cost estimates and bid computations and analyses, Subcontracts, purchase orders, time books, daily job diaries and reports, correspondence, and any other documents showing all acts and transactions in connection with or relating to or arising by reason of the Design-Build Work, this Design-Build Agreement, any Subcontract or any operations or transactions in which the Owner has or may have a financial or other material interest hereunder. All financial books and records of the Design-Builder and its Subcontractors shall be maintained in accordance with generally accepted accounting principles. In the event the Design-Builder fails to prepare or maintain any books, records or accounts as required under this subsection, the Design-Builder shall not be entitled to any requested payments or adjustments for which Cost Substantiation was required hereunder to the extent such failure prevented Cost Substantiation. To the extent any such information is delivered or made available to the Owner, such information shall be presented in a format such tat an independent auditor will be able to perform a review of such information in accordance with generally accepted accounting principals. The Design-Builder shall keep and maintain all such construction books and records for the Design-Build Work separate and distinct from other records and accounts, and shall keep and maintain all such books and records for at least seven years after the date of the filing of the Notice of Completion, or such longer period during which any Legal Proceeding with respect to the Design-Build Work commenced within seven years after the filing of the Notice of Completion may be pending.
Construction Books and Records. The Lessee shall prepare and m aintain proper, accurate and complete books and records regarding the ICI Design/Build Work and all other transactions related to the permitting, design, construction, startup and testing of the Initial Capital Improvem ents, including all books of account, bills, vouchers, invoices, personnel rate sheets, cost estimates and bid computations an d analyses, Subcontracts, purchase orders, time books, daily job diaries and reports, correspondence, and any other docum ents sh owing all acts and transactions in connection with or relating to or arising by reason of the ICI Design/Build Work, this Lease Agreement, any Subcontract or any operations or transactions in wh ich the Lessor has or m ay have a financial or other ma terial interest hereunder, in each case to the extent required to determine changes in the ICI Design/B uild Price. The Lessee shall produce such construction books and records (except financial ledgers and statements) for exam ination and copying in connection with the costs of Capital Modifications, Un controllable Circumstance costs, or other changes in or additions to the Fixed ICI D esign/ Build Price for which the Lessor may be responsible with respect to work performed prior to the ICI Acceptance Date. To the extent any such information is delivered or made available to the Lessor, such information shall be presented in a form at such that an indepen dent auditor will be able to perform a review of such information in accordan ce with generally accepted accounting principles. The Lessee shall keep and m aintain all such construction books and records for at least seven years after the ICI Acceptance D ate, or such longer period during which any Legal Proceeding with respect to the Initial Capital Improvements comm enced within seven years of the ICI Acceptance Date may be pending. ARTICLE XI ACCEPTANCE O F THE INITIAL CAPITAL IM PROVE MEN TS
Construction Books and Records. The Company shall prepare and maintain proper, accurate and complete books and records regarding the Design/Build Work and all other transactions related to the design, permitting, construction, and testing of the Design/Build Work, including all books of accounts, bills, vouchers, invoices, personnel rate sheets, cost estimates and bid computations and analyses, Subcontracts, purchase orders, time books, reports, correspondence, and any other documents showing all acts and transactions in connection with or relating to or arising by reason of the Design/Build Work, this Agreement, any Subcontract or any operations or transactions in which the Village has or may have a financial or other material interest hereunder. All financial records of the Company and its Subcontractors shall be maintained in accordance with generally accepted accounting principles and auditing standards for municipal and governmental institutions. The Company and Subcontractors shall comply with the State of Florida audit requirements and federal audit requirements in connection with any State of federal funding or grants received by the Village for the Project. Except as otherwise required by Applicable Law, the Company shall produce such construction books and records (except financial ledgers and statements) for examination and copying. The Company shall keep and maintain all such construction books and records separate from other records and accounts, and shall maintain such books and records for at least five (5) years after Acceptance by the Village, or such longer period of time during which any legal proceeding with respect to the Design/Build Work may be pending.
Construction Books and Records. Contractor shall prepare and maintain proper, accurate, organized and complete books and records regarding the Work and all other transactions related to the permitting, design, construction, startup and testing and closeout of the Project through the expiration of the Warranty Period. Authority has the right to review this documentation at any time throughout the duration of the Contract.
Construction Books and Records. The Company shall prepare and maintain proper, accurate and complete books and records regarding the Design-Build Work and all other transactions related to the design, permitting, construction, and testing of the Design-Build Work, including all books of account, bills, vouchers, invoices, personnel rate sheets, cost estimates and bid computations and analyses, Subcontracts, purchase orders, time books, daily job diaries and reports, correspondence, and any other documents showing all acts and transactions in connection with or relating to or arising by reason of the Design-Build Work, this Contract, any Subcontract or any operations or transactions in which SRWA has or may have a financial or other material interest hereunder. All financial records of the Company and its Subcontractors shall be maintained in accordance with generally accepted accounting principles and auditing standards for governmental institutions. In the event the Company fails to prepare or maintain any books, records or accounts as required under this subsection, the Company shall not be entitled to any requested payments or adjustments for which Cost Substantiation was required under this Contract to the extent such failure prevented Cost Substantiation. To the extent any such information is delivered or made available to SRWA, such information shall be presented in a format such that an independent auditor will be able to perform a review of such information in accordance with generally accepted accounting principles. The Company shall keep and maintain all such construction books and records for the Design-Build Work separate and distinct from other records and accounts, and shall keep and maintain all such books and records for at least five years after the date of the filing of the Notice of Completion, or such longer period during which any Legal Proceeding with respect to the Design- Build Work commenced within five years after the filing of the Notice of Completion may be pending.
Construction Books and Records. The DBE shall prepare and maintain proper, accurate and complete books and records regarding the Design Build Work and all other transactions related to the permitting, design, construction, startup and testing of the Facilities, including all books of account, bills, vouchers, invoices, personnel rate sheets, cost estimates and bid computations and analyses, subcontracts, subcontractor quotes, purchase orders, time books, daily job diaries and reports, correspondence, and any other documents showing all acts and transactions in connection with or relating to or arising by reason of the Design Build Work, this Contract, any Subcontract or any Transitional Operations or transactions in which WRD has or may have a financial or other material interest hereunder, in each case to the extent required to determine changes in the Design Build Price or the Service Fee. All books and records required to be prepared and maintained under this Section shall comply with generally accepted accounting principles. The DBE shall produce such construction books and records (except financial ledgers and statements) for examination and copying in connection with the costs of Extra Design Build Work, Unforeseen Condition costs, or other changes in or additions to the Fixed Design Build Price or the Service Fee for which WRD may be responsible with respect to work performed prior to the Final Completion. To the extent any such information is delivered or made available to WRD, such information shall be presented in a format such that an independent auditor will be able to perform a review of such information in accordance with generally accepted accounting principles. The DBE shall keep and maintain all such construction books and records for at least ten years after the date of Final Completion, or such longer period during which any legal proceeding with respect to the Facilities commenced within ten years of the date of Final Completion may be pending.
