COMPLIANCE INFO_1996-2009 - Laserfiche WebLink

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N M BFI Medical Waste Systems of CA., Inc. General Terms and Conditions _2_ ACCOUNTING PRINCIPLES Attachment B Contract Number MLT97000 The Contractor will adhere to generally accepted accounting principles as outlined by the American Institute of Certified Public Accountants. Dual compensation is not allowed. A Contractor cannot receive simultaneous compensation from two or more funding sources for the same services performed even though both funding sources could benefit. AUDITS The State or any of its duly authorized representatives will perform periodic financial and operational reviews to determine compliance with contract provisions and shall have access and right to examine, audit, excerpt, or transcribe any books, documents, papers and records of the Contractor which in the opinion of the State may be related or pertinent to the contract. The contracting parties shall be subject to the examination and audit of the State Auditor for a period of three years after final payment under the contract (Government Code Section 8546.7). The examination and audit shall be confined to those matters connected with the performance of the contract, including, but not limited to, the costs of administering the contract. Contractor agrees to pay its employees wages not less than current minimum wage. WORKERS' COMPENSATION By signing this contract, the Contractor hereby warrants that he/she carries Workers' Compensation Insurance for all its employees who will be engaged in the performance of this contract. LICENSES AND PERMITS The Contractor shall be an individual or firm licensed to do business in California and shall obtain at his/her expense all license(s) and permit(s) required by law for accomplishing any work required in connection with this contract. contract, Contractor agrees to provide CDC a copy of the renewed licenIn the event any license(s) and/or permit(s) expire at any time during the term of this se(s) and/or permit(s) within 30 days following the expiration date. In the event the Contractor fails to keep in effect at all times all required license(s) and permit(s), the State may, in addition to any other remedies it may have, terminate this contract upon occurrence of such event. To the best of the Contractor's ability, Contractor shall fulfill his/her obligations in dispensing that portion of the contract amount to the M/W/DVBEs as identified in the reply to the M/W/DVBE Mandatory Participation Requirements. Said reply by reference is a part of this contract and is on file and available for review Monday through Friday between the hours of 9:00 a.m. and 4:00 p.m. at the contracting location.