Cost of Fixed Improvements Sample Clauses

Cost of Fixed Improvements. Within 90 days after completion of construction of each location within the Premises, Concessionaire shall furnish to the Director such information as the City may reasonably require in connection with the determination of such costs. At a minimum, such cost information shall include copies of all contracts, copies of all invoices for the work which clearly identified the work completed and copies of all canceled checks for payment, all of which shall be evidenced by a certificate from Concessionaire. After completion of all locations within Premises, Concessionaire shall certify the total cost of each location and the total Premises. The City reserves the right to audit documentation of all Cost of Fixed Improvements for the same period that the City has to audit Concessionaire’s other Records as set forth in this Agreement. Concessionaire must cooperate in such an audit and provide other supporting cost documentation (including books, records, documents and other evidence and accounting procedures and practices sufficient to reflect properly all construction costs claimed to have been incurred in performing Concessionaire’s Work) upon request within 15 days after notice from the Director. If the City disagrees with the Concessionaire’s determination of: (i) Cost of Fixed Improvements, or (ii) the reasonableness of the cost of the item, or (iii) if supporting cost documentation is not sufficient, the Director shall notify the Concessionaire in writing. Concessionaire shall have 15 days following receipt of the Director’s notice in which to respond or provide any additional information. After consideration of any response or additional information provided, the City will make a reasonable final determination as to whether or not the construction costs will qualify as Cost of Fixed Improvements.