Common use of Right to Inspect/Audit Clause in Contracts

Right to Inspect/Audit. Each bidding document and contract financed out of the proceeds of the Financing shall provide that the bidder, supplier or contractor, and any subcontractor, shall permit the Association, at its request, to inspect their accounts and records relating to the bid submission and performance of the contract, and to have these accounts and records audited by auditors appointed by the Association. An act by the bidder, supplier, contractor or subcontractor intended to materially impede the Association’s exercise of its inspection and audit right constitutes an Obstructive Practice.

Right to Inspect/Audit. Each bidding document and contract financed out of from the proceeds of the Financing Association funds shall provide that the bidderinclude a provision requiring bidders, supplier or contractorsuppliers, contractors and any subcontractor, shall subcontractors to permit the Association, at its request, to inspect their accounts and records relating to the bid submission and performance of the contract, contract and to have these said accounts and records audited by auditors appointed by the Association. An act The deliberate and material violation by the bidder, supplier, contractor or subcontractor intended of such provision may amount to materially impede the Association’s exercise of its inspection and audit right constitutes an Obstructive Practiceobstructive practice.

Right to Inspect/Audit. Each bidding document and contract financed out of the proceeds of the Financing shall provide that the bidder, supplier bidder or contractorsupplier, and any subcontractor, shall permit the AssociationAssociation and the Recipient, at either of its request, to inspect their accounts and records relating to the bid submission and performance of the contract, and to have these accounts and records audited by auditors appointed by the Association. An act by the bidder, supplier, contractor supplier or subcontractor intended to materially impede the Association’s exercise of its inspection and audit right constitutes an Obstructive Practice.

Right to Inspect/Audit. Each bidding document and contract financed out of from the proceeds of the Financing shall provide that the biddersuppliers, supplier or contractor, contractors and any subcontractor, subcontractors shall permit the Association, at its request, to inspect their accounts and records relating to the bid submission and performance of the contract, and to have these said accounts and records audited by auditors appointed by the Association. An act The deliberate and material violation by the bidder, supplier, contractor or subcontractor intended of such provision may amount to materially impede the Association’s exercise of its inspection and audit right constitutes an Obstructive Practice.