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Page 7 of 15 <br /> April 2, 1985, and the Single Audit Act of 1984, the Contractor shall <br /> arrange for an independent financial and compliance audits of its fiscal <br /> operations. The Contractor shall furnish the Department with a copy of the <br /> independent audit report within thirty (30) days of completion of the <br /> report, but no later than one (1) year after the end of the audit period. <br /> Section 7. Contracts Under This Agreement. Unless otherwise <br /> authorized in writing by the Department, the Contractor shall not assign any <br /> portion of the work to be performed under this Agreement, or execute any <br /> contract, amendment, or change order thereto, or obligate itself in any <br /> manner with any third party with respect to its rights and responsibilities <br /> under this Agreement without the prior written concurrence of the Department. <br /> Further, the Contractor shall incorporate the provisions of this Agreement <br /> into any vehicle lease arrangement and shall not enter into any vehicle lease <br /> arrangement without the prior concurrence of the Department. Any lease <br /> approved by the Department shall be subject to the conditions or limitations <br /> governing the lease of Project equipment as set forth by UMTA and the <br /> Department. <br /> Section 8. Purchase of Project Equipment. The purchase of project <br /> equipment pursuant to this Agreement shall be undertaken in accordance with <br /> either of the options in this Section: <br /> (a) Purchase by the Department. The Department may act as the <br /> procurement agency on behalf of the Project, purchasing equipment through <br /> the North Carolina Department of Administration, Purchase and Contract <br /> Division. <br /> (b) Purchase by the Contractor. The Contractor may purchase project <br /> equipment utilizing procurement procedures set forth in North Carolina <br /> General Statute 143-129, and UMTA Circular 4220.1B, and any subsequent <br />