54.1  Records and Open Book Accounting

Required drafting (see Section 26.2 of SoPC4) as follows:

The Contractor shall (and shall procure that each sub-contractor shall) at all times:

54.1.1  maintain a full record of particulars of the costs of performing the Works and the Services;

54.1.2  upon request by the Authority, provide a written summary of any of the costs referred to in Clause 54.1.1, including details of any funds held by the Contractor specifically to cover such costs, in such form and detail as the Authority may reasonably require to enable the Authority to monitor the performance by the Contractor of its obligations under this Contract; and

54.1.3  provide such facilities as the Authority may reasonably require for its representatives to visit any place where the records are held and examine the records maintained under this Clause;