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and conditions imposed by the MPO upon the failure of the COUNTY to furnish the schedule , plan , and budget within a reasonable time . The acceptance of a remittance by the COUNTY or the closing out of FEDERAL financial participation in the Project shall not constitute a waiver of any claim which the MPO may otherwise have arising out of this agreement . . 04 AUDIT AND INSPECTION The COUNTY shall permit , and shall require its contractors to permit , FHWA and the Florida Department of Transportation authorized representatives to inspect all work , materials , payrolls , records of personnel , invoices of materials , and other relevant data and records , and to audit the books , records , and accounts of the COUNTY , pertaining to the development of the Project . Records of costs incurred under the terms of this Agreement shall be maintained and made available upon request to the Florida Department of Transportation or FHWA at all times during the period of a specific Unified Work Program and for three years after the final payment is made on a specific Unified Work Program . Copies of these documents and records shall be furnished to Florida Department of Transportation or FHWA upon request . . 05 EQUIPMENT Where Federal funds are to be used to provide part or all of the cost of equipment , such expenditures must have the prior written approval of the Florida Department of Transportation and the FHWA , and must be in accordance with the requirements of 49 CFR Part 18 , Subpart C , the MPO Program Management Handbook , Section 3 . 7 . 8 , and in accordance with the requirements of any executed agreements between the MPO , FDOT , and FHWA . . 06 RENTAL OF SPACE OR EQUIPMENT , SUPPLEMENTAL AND THIRD PARTY AGREEMENTS , AND INDIRECT COSTS This agreement is subject to all applicable requirements of OMB Circular 87 - A and 49 CFR - PART 18 ( " Uniform Administrative Requirements For Grants And Cooperative Page 7