Contractor’s Record Clause Samples
Contractor’s Record. Contractor’s records shall be sufficient to:
i. Permit preparation of required reports;
ii. Permit tracking of funds to a level of expenditure adequate to establish that funds have not been used in violation of the applicable restrictions on the use of such funds;
iii. Permit the tracking of program income, or profits earned, and any costs incurred (such as stand-in costs) that are otherwise allowable except for; and
iv. Permit tracking and reporting of leveraging as required.
Contractor’s Record. CONTRACTOR’S records shall be sufficient to:
i. Permit preparation of required reports; and
ii. Permit tracking of funds to a level of expenditure adequate to establish that funds have not been used in violation of the applicable restrictions on the use of such funds; and
iii. Permit the tracking of program income, or profits earned, and any costs incurred (such as stand-in costs) that are otherwise allowable except for;
iv. Permit tracking and reporting of leveraging as required by SB734.