(a) Audit of cost or pricing data.--The purchasing agency or its designee may, at reasonable times and places, audit the books and records of any person who has submitted cost or pricing data under section 534 (relating to cost or pricing data) to the extent that the books and records relate to the cost or pricing data. A person who receives a contract, change order or contract modification for which cost or pricing data is required shall maintain the books and records that relate to the cost or pricing data for three years from the date of final payment under the contract unless a shorter period is otherwise authorized by the purchasing agency in writing.
(b) Contract audit.--The purchasing agency may audit the books and records of a contractor or any subcontractor under any negotiated contract or subcontract other than a firm, fixed-price contract to the extent that the books and records relate to the performance of the 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 prime contract unless a shorter period is otherwise authorized by the purchasing agency in writing.
Cross References. Section 552 is referred to in sections 561, 9119 of this title.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 5 - Source Selection and Contract Formation
Section 511 - Methods of source selection
Section 512 - Competitive sealed bidding
Section 512.1 - Competitive electronic auction bidding
Section 513 - Competitive sealed proposals
Section 514 - Small procurements
Section 515 - Sole source procurement
Section 516 - Emergency procurement
Section 518 - Competitive selection procedures for certain services
Section 519 - Selection procedure for insurance and notary bonds
Section 520 - Supplies manufactured and services performed by persons with disabilities
Section 521 - Cancellation of invitations for bids or requests for proposals
Section 531 - Debarment or suspension
Section 532 - Prequalification of bidders and offerors
Section 533 - Security and performance bonds
Section 534 - Cost or pricing data
Section 541 - Approval of accounting system
Section 542 - Multiterm contracts
Section 543 - Effective contracts
Section 551 - Right to inspect plant
Section 552 - Right to audit records
Section 561 - Finality of determinations
Section 562 - Anticompetitive practices