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Question: 1 / 400

What is the required minimum retention period for contract documents executed after September 1, 2015?

3 years

5 years

4 years

The required minimum retention period for contract documents executed after September 1, 2015, is four years. This aligns with regulations and guidelines that stipulate how long governmental entities must retain contracts to ensure compliance with legal and fiscal responsibilities. Keeping contract documents for this duration allows for adequate time to resolve any potential disputes, audits, or inquiries that may arise related to those agreements.

The four-year period ensures that records are available for review, helping to uphold transparency and accountability in contracting processes, especially in public entities that are subject to scrutiny and regulatory oversight. This retention rule reflects the balance between maintaining necessary records for operational integrity and not overburdening entities with excessive storage of outdated documents.

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7 years

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