Project Disclosures Clause Samples

The Project Disclosures clause requires parties to share relevant information about the project with each other. Typically, this involves providing updates, reports, or notifications regarding project progress, issues, or changes that may affect the work. By mandating timely and transparent communication, this clause helps prevent misunderstandings and ensures all parties are aware of important developments, thereby supporting effective project management and reducing the risk of disputes.

Project Disclosures. Borrower shall make available for inspection and audit to COUNTY's representatives, upon seventy-two (72) hours written request, at any reasonable time during the 20-year term (“Term”) of the CC&Rs at Borrower's offices all of Borrower's books and records relating to the Loan the Project and this Agreement. All such books and records shall be maintained by Borrower until expiration of the Term of the CC&Rs; provided, however, that records relating to construction of the Project need not be maintained beyond the tenth (10th) anniversary of completion of the Project. In the event any litigation, claim or audit is started before the expiration of the Term, (or before such tenth anniversary, in the case of claims or litigation related to construction) said books and records shall be retained until all litigation, claims, or audit findings involving said books and records shall have been resolved.