Recordkeeping

10.12 - Recordkeeping (Rev. 739, Issued: 11-01-05, Effective: 07-24-03, Implementation: 01-19-06) The contractor must compile a record of each penalty waiver determination. Such record must include all documentary material that relates to a particular matter, regardless of form or format. Such record shall be associated with the record concerning the penalty in question and shall be retained and disposed of in accordance with the record retention policies and procedures that apply to the maintenance of the associated penalty record. In the case of a request for which no certain penalty attaches, such as in the case of a transfer, the penalty waiver record shall be retained and disposed of in accordance with the record retention policies and procedures that apply to claims records generally.