What is the Contractor required to maintain and provide to the City upon request?

Study for the San Francisco Housing Portal Contractor Agreement Exam. Engage with flashcards and multiple-choice questions, each question has hints and explanations. Prepare for your certification!

The Contractor is required to maintain and provide accurate books and accounting records demonstrating compliance because this is essential for transparency and accountability in all financial dealings related to the project. Having these records ensures that the Contractor is adhering to financial regulations and contractual obligations set forth in the agreement with the City.

Accurate books and records help the City to verify that funds are being used appropriately and that the Contractor is fulfilling their commitments as outlined in the contract. This requirement is critical not only for compliance but also for maintaining trust between the contractor and the City, as it allows for proper oversight and audit capabilities.

In contrast, while detailed project plans, employee evaluations, and previous years' financial statements can provide insights into a Contractor's operations, they do not specifically address the ongoing compliance and financial accountability that current records of accounting and transactions would. Thus, maintaining up-to-date and accurate accounting records is crucial for demonstrating compliance with the requirements of the contract.

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