Common use of Advance, Interim and Final Payments Clause in Contracts

Advance, Interim and Final Payments. Any advance payment allowed under this Agreement shall comply with Commonwealth Fiscal Rules and be made in accordance with the provisions of this Agreement. Recipient shall initiate any payment request by submitting standard invoices to the Commonwealth. Payments shall be made on a reimbursement basis. Recipient may request payments monthly; however, the reimbursement amount for each request shall be no less than $1,000 unless it is a request for final payment.

Appears in 4 contracts

Samples: Memorandum of Agreement, Memorandum of Agreement, Memorandum of Agreement

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