Michigan Administrative Code (Last Updated: November 16, 2016) |
Department TP. Transportation |
Bureau of Finance |
Chapter Administrative Rules Governing Prequalification of Construction Contractors |
Part 3. INFORMATION FROM BIDDERS |
Section 247.40. Audits; investigations; comparisons.
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(1) The director or director's designee, may perform or designate auditors to perform audits of the financial records or investigate any items regarding prequalification of a bidder.
(2) The prequalification committee may cause comparative reviews to be made at any time between the bidder's prequalification application and any reports submitted by the bidder with other departments of the state based upon the bidder's financial records. The information obtained may be used to modify or revoke the bidders prequalification.
History: 1979 AC; 2002 AACS; 2009 AACS.