[§103D-317]  Right to audit records. (a)  The purchasing agency, at reasonable times and places, may audit the booksand records of any person who has submitted cost or pricing data pursuant tosection 103D-312 to the extent that such books and records relate to such costor pricing data.  Any person who receives a contract, change order, or contractmodification for which cost or pricing data is required, shall maintain suchbooks and records that relate to such cost or pricing data for three years fromthe date of final payment under the contract, unless another period isotherwise authorized in writing.

(b)  The purchasing agency shall be entitled toaudit the books and records of a contractor or any subcontractor under anynegotiated contract or subcontract other than a fixed-price contract to theextent that such books and records relate to the performance of such contractor subcontract.  The books and records shall be maintained by the contractorfor a period of three years from the date of final payment under the primecontract and by the subcontractor for a period of three years from the date offinal payment under the subcontract, unless another period is otherwiseauthorized in writing. [L Sp 1993, c 8, pt of §2]