Project Account Records Sample Clauses
The 'Project Account Records' clause requires parties involved in a project to maintain accurate and detailed records of all financial transactions and activities related to the project account. Typically, this means keeping ledgers, receipts, invoices, and supporting documentation that reflect all deposits, withdrawals, and expenditures associated with the project. By mandating thorough record-keeping, the clause ensures transparency and accountability, making it easier to audit project finances and resolve any disputes regarding the use of funds.
Project Account Records. 1. Project data and records
a. The Design-Builder and each Subcontractor must keep an accurate record showing the names, occupation, and the actual hourly wages paid to all laborers, workers, and mechanics employed by them in connection with the Work. Such record must be open at all reasonable hours to the inspection of the Commission and to the Director of Labor of the State of Illinois and his/her deputies and agents. The Design-Builder also must furnish the Commission with certified copies of its payrolls in accordance with Section 16.02 “Payment Applications.”
b. The Design-Builder and all Subcontractors must furnish the Commission with such information as the Commission may require relating to labor and materials, including all information necessary to determine the cost of the Work, such as the number of workers employed, their pay, the distribution of labor into Work items, equipment time distribution, and any other information which the Commission may require. The Design-Builder must, on request, furnish the Commission with copies of delivery tickets and invoices covering the expenditures on the Contract.
Project Account Records. 1. Project data and records
a. The Contractor and each Subcontractor must keep an accurate record showing the names, occupation, and the actual hourly wages paid to all laborers, workers, and mechanics employed by them in connection with the Work. Such record must be open at all reasonable hours to the inspection of the Commission and to the Director of Labor of the State of Illinois and his/her deputies and agents. The Contractor also must furnish the Commission with certified copies of its payrolls in accordance with Section 16.02 “Payment Applications.”
b. The Contractor and all Subcontractors must furnish the Commission with such information as the Commission may require relating to labor and materials, including all information necessary to determine the cost of the Work, such as the number of workers employed, their pay, the distribution of labor into Work items, equipment time distribution, and any other information which the Commission may require. The Contractor must, on request, furnish the Commission with copies of delivery tickets and invoices covering the expenditures on the Contract.
Project Account Records. The City shall maintain books of records and accounts in which full, true, and proper entries will be made of all dealings, transactions, business, and any other matters which in any way affect or pertain to the design and construction of the Project and the payment of Project Costs according to each Party’s Pro Rata Share.
Project Account Records. (a) The Contractor must keep books, documents, papers, records and accounts related to the Contract open for inspection by the CTA, the FTA Administrator, the RTA, the Comptroller General of the United States, any applicable authority of the State of Illinois, or any of their duly authorized representatives. The Contractor agrees to permit the authorized representatives to reproduce by any means whatsoever excerpts and transcriptions as reasonably needed.
(b) The Contractor must furnish the CTA with certified copies of payrolls in such number as
(c) The Contractor must maintain an accurate record showing the names and occupation of all laborers, employees and mechanics employed in connection with the Work, and showing also the actual hourly wages paid to each worker.
(d) The Contractor must, if required, furnish to the CTA a written statement, verified by affidavit, giving the names and addresses of all persons, firms, and corporations who have, up to the date thereof, furnished labor or material in or about the performance of the Contract, and the amounts due or to become due to said parties.
(e) The Contractor must furnish the CTA with such information as may be required relating to the progress and execution of the Work and the character of the materials including all information necessary to determine the cost of the work, such as the number of employees, their pay, the distribution of labor into Work items, equipment time distribution, delivery tickets, invoices, and any other information that the CTA may require.
Project Account Records