For how long are contractors required to keep all contracts and documents available for inspection?

Contractors are required to keep all contracts and documents available for inspection for a period of three years following the completion of a project. This requirement is in place to ensure transparency and accountability within the contracting industry. It provides a clear timeframe during which clients, regulatory bodies, and other stakeholders can review and verify the contractual agreements and compliance with applicable laws.

Maintaining these records for three years helps to protect the rights of all parties involved and allows for the resolution of any disputes that may arise after project completion. The specific duration of three years aligns with standard legal practices which often require records to be maintained for a sufficient period to allow for thorough review and potential litigation if necessary. Such regulations also serve to reinforce the professionalism and reliability of contractors within the industry.