Common use of RECORDKEEPING AND RECORD RETENTION Clause in Contracts

RECORDKEEPING AND RECORD RETENTION. 19.36 (3) of the Wisconsin Statutes applies to this Agreement, and Records (as defined in §19.32 of the Wisconsin Statutes) that are produced or collected under this Agreement are subject to disclosure pursuant to a public records request. The Contractor shall establish and maintain adequate records to the extent and in such detail as shall adequately reflect performance and administration of payments and fees Contractor of all documentation developed or compiled by it for the State and expenditures incurred by it and charges paid or payable by the State under this Agreement. All such records shall be kept in accordance with Generally Accepted Accounting Procedures (GAAP) in accordance with federal, and State laws applicable to Contractor. The Contractor, following final payment, shall retain all its records produced or collected under this Agreement for six (6) years. Any additional responsibilities relative to Contractor’s retention of records may be addressed as mutually agreed in the applicable SOW for Contractor Services.