Section 2: Records Retention
Records retention is the final step in the project
closeout process. The project records the prime contractor has collected
must be retained. Supporting documentation for the project must
be securely filed and available upon request for audits or reviews
by TxDOT, FHWA, or other government officials. Federal regulation
requires the retention of all federal-aid project records for a
minimum of three years after final payment.
According to the Texas State Retention Schedule (5.1.001 and
Government Code, 441.1855) records for all contracts must be kept
for seven years after close if executed, renewed or amended on or
after September 1, 2015. For contracts executed, renewed, or amended
on or before August 31, 2015, records must be retained for four
years after close.