What happens if the sub consultant does not perform the required audits in any given year, or does not meet the deadline, or has a different due date?
If the sub consultant does not submit the required audits, that firm will not receive any new contracts or CAMs, pending compliance. If the sub consultant submits the audits after the deadline and the Settle-Up Schedule has already been submitted by the prime consultant, then the prime consultant must resubmit the Settle-Up Schedule and include the sub consultants cost. If the sub consultants schedule and the prime consultants schedule do not coincide, their cost can be included in next years Settle-Up Schedule.
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