Common use of Records and Audits Clause in Contracts

Records and Audits. A. CONTRACTOR shall maintain a record for each item of tangible real or personal property of a value in excess of five hundred dollars ($500.00) acquired pursuant to this Contract. The records shall include the model number, serial number, legal description (if applicable), cost, invoice or receipt, and date acquired.

Appears in 54 contracts

Samples: Grant Agreement, Contract, Contract

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