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



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