19A NCAC 05B .0203. PRE-AWARD AUDIT: PROPOSED COSTS

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Before a contract or agreement is executed, a pre-award audit may be performed by the External Audit Branch utilizing the historical costs of the proposing party to ascertain that the proposed charges are valid, reasonable, and allowable.

History Note: Authority G.S. 143B‑10(j); 143‑2;

Eff. July 1, 1978;

Amended Eff. December 1, 1993.

                    
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