ALLOWABLE COST AND PAYMENT. (a) (1) Company shall make payments monthly to Seller when requested as work progresses, in amounts determined to be allowable by the Company in accordance with this Agreement and FAR Subpart 31.3 for Educational Institutions, Subpart 31.6 for state and local governments, Subpart 31.7 for nonprofit organizations, or Subpart 31.2 for all others as supplemented by DEAR Part 931 in effect on the date of this Agreement.
ALLOWABLE COST AND PAYMENT. (a) Invoices from Seller shall be submitted in reasonable detail to a designated Company representative as work progresses. A statement of the claimed, allowable cost for performing the work under this Agreement shall accompany each invoice. If applicable, invoices shall include a list of the property acquired by Seller to which title vests in the Government according to the Government Property clause of this Agreement. Invoices may be submitted once every month (or at more frequent intervals if approved by Company). Payments may be made by check or electronic funds transfer, at the option of Company. Payment shall be deemed to have been made as of the date of mailing or the date on which an electronic funds transfer was made.
(b) For reimbursement of work performed under this Agreement, Company shall pay to Seller allowable costs in accordance with this Agreement and Subpart 31.3 for Educational Institutions, 31.6 for state and local governments, 31.7 for nonprofit organizations, or 31.2 of the FAR for all others as supplemented by Subpart 931.2 of the DEAR in effect on the date of this Agreement. The term “cost” includes only: 1) costs Seller has paid for items or services directly for the Agreement at the time of the invoice; and 2) provided Seller is not delinquent in paying costs of Agreement performance in the ordinary course of business, costs incurred but not necessarily paid for materials from Seller’s inventory; direct labor; direct travel; other direct in- house costs; allocable and allowable indirect costs.
(c) Final annual indirect cost rates and the appropriate bases shall be established in accordance with Subpart 42.7 of the FAR in effect for the applicable period. Within 90 days after expiration of each of its fiscal years, Seller shall submit proposed final indirect cost rates for that period and supporting cost data to Company or the cognizant audit agency, whichever applies. Seller and Company (or the cognizant audit agency) shall determine and execute a written understanding of the final indirect cost rates.
(d) Quick close-out procedures of Subpart 42.7 of the FAR may be used.
(e) At any time before final payment, Company may have Seller’s invoices and statements of cost audited. Any payment may be reduced by amounts found by Company not to constitute allowable costs or adjusted for prior overpayments or underpayments.
(f) Seller shall submit a completion invoice no later than one year from the completion date. Upon approval of that in...
ALLOWABLE COST AND PAYMENT a. Invoicing: The Owner will make payments to the Private Entity as set forth in Section 16.2(a), but not more than monthly, in amounts approved by the Owner’s Representative, such approval not to be unreasonably withheld. The Private Entity must submit an invoice or voucher to the address specified by Owner, supported by a statement of claimed allowable costs of performing this Agreement, in such form and detail as required by Exhibit F hereto.
ALLOWABLE COST AND PAYMENT. The FHWA shall reimburse the State for allowable costs incurred in carrying out the work described in Article III, up to the project agreement amount shown on the signature page of this agreement. The State shall submit requests for reimbursement on Form PR-20, "Voucher for Work Performed under Provisions of the Federal-Aid and Federal Highway Acts, as amended." A progress voucher represents a claim for costs incurred in a specific period during the progress of the project. In preparing a progress voucher, all eligible costs shall be included, provided that a recorded liability exists or a cash disbursement has been made. A final voucher represents the final claim, submitted by the State for a single completed project accepted by the FHWA. The State shall promptly submit its final claim following termination of the period of performance. A summary of project costs, classified by expenditure type, shall accompany the final voucher. Allowable costs shall be determined in accordance with the Office of Management and Budget (OMB) Circular A-87, "Cost Principles for State and Local Governments." All allowable items of cost as listed in Attachment B to Circular A-87, are eligible for reimbursement under this agreement. The budget of estimated costs by expenditure category is included as Attachment 1 to this agreement. Signature of this agreement by the FHWA shall constitute grantor agency approval for cost items included in the attached budget.
ALLOWABLE COST AND PAYMENT. (a) Invoicing. LOCKHEED XXXXXX shall make payments to SELLER when requested as work progresses, but (except for Small Business Concerns) not more often than once every 2 weeks, in amounts determined to be allowable by LOCKHEED XXXXXX in accordance with the terms of this Contract and Subpart 31.2 of the FAR, and agency supplements as appropriate, in effect on the date of this Contract. If the Contract is with an educational institution, FAR Subpart 31.3 shall apply; and if with a non-profit organization other than an educational institution, FAR Subpart 31.7 shall apply. SELLER may submit to the LOCKHEED XXXXXX Procurement Representative, in such form and reasonable detail as the Representative may require, an invoice or voucher supported by a statement of the claimed allowable cost for performing this Contract.
ALLOWABLE COST AND PAYMENT. Invoicing - Buyer shall make payments to Seller when requested as work progresses, but (except for Small Business Concerns) not more often than once every two weeks, in amounts determined to be allowable by Buyer in accordance with the terms of the Subcontract and Part 31 of the FAR, and agency supplements as appropriate in effect on the date of the Subcontract. If the Contract is with an educational institution, FAR Subpart 31.3 shall apply; and if with a non-profit organization other than an educational institution, FAR Subpart 31.7 shall apply. Seller may submit to the remittal address shown on the Subcontract, an invoice or voucher supported by a statement of the claimed allowable cost for performing the Subcontract. A separate invoice should be submitted for travel expenses.
(a) Reimbursing costs -
(1) For the purpose of reimbursing allowable costs, the term “costs” includes only:
(i) Those recorded costs that, at the time of the request for reimbursement, Seller has paid by cash, check, or other form of actual payment for items or services purchased directly for the Subcontract;
(ii) When Seller is not delinquent in paying costs of contract performance in the ordinary course of business, costs incurred, but not necessarily paid, for—
(A) Work purchased directly for the Contract and associated financing payments to subcontractors, provided payments determined due will be made—
(1) In accordance with the terms and conditions of a subcontract ;
(B) Materials issued from Seller’s inventory and placed in the production process for use on the Subcontract;
(C) Direct labor;
(D) Direct travel;
(E) Other direct in-house costs; and
(F) Properly allocable and allowable indirect costs, as shown in the records maintained by Seller for purposes of obtaining reimbursement under Government contracts; and
(iii) The amount of financing payments that have been paid by cash, check, or other forms of payment to Seller’s subcontractors.
(2) Notwithstanding the audit and adjustment of invoices or vouchers under paragraph (g) of this clause, allowable indirect costs under the Subcontract shall be obtained by applying indirect cost rates established in accordance with paragraph (d) of this clause.
(b) Final indirect cost rates. Buyer shall reimburse Seller on the basis of final annual indirect cost rates and the appropriate bases established by Seller and approved by Xxxxx and/or the Government in effect for the period covered by the indirect cost rate proposal. Such rates a...
ALLOWABLE COST AND PAYMENT. For the performance of this Agreement, Company shall pay the Subcontractor the compensation as described below subject to the applicable cost principles regarding allowable costs as amplified by OMB Circular A-21 Cost Principals for Educational Institutions
ALLOWABLE COST AND PAYMENT. The City agrees to invoice the County an amount not to exceed $7,317. 20 for reimbursement of expenditures incurred in accordance with the project budget described in Appendix B. City shall comply with the payment procedures described in Appendix C and other applicable payment procedures established by the County. The County reserves the right to determine satisfactory compliance with the performance criteria and other applicable County policies and procedures.
ALLOWABLE COST AND PAYMENT. (Note 1 applies, except in paragraphs (a)(3) and (b)(1)(ii)(F) where Note 3 applies. Note 2 applies, except in paragraph (g) where Note 7 applies.) (AUG 2018) 52.219-8 Utilization of Small Business Concerns. (OCT 2018) 52.219-9 Small Business Subcontracting Plan. (Note 2 is applicable to paragraph (c) only). (JUN 2020) 52.222-4 Contract Work Hours and Safety Standards —Overtime Compensation. (MAR 2018) 52.222-17 Non-displacement of Qualified Workers. (MAY 2014) 52.222-18 Certification Regarding Knowledge of Child Labor for Listed End Products. (FEB 2001) 52.222-19 Child Labor—Cooperation with Authorities and Remedies. (Notes 2 and 3 apply.) (JAN 2020) 52.222-21 Prohibition of Segregated Facilities. (APR 2015) 52.222-22 Previous Contracts and Compliance Reports. (FEB 1999) 52.222-25 Affirmative Action Compliance. (APR 1984) 52.222-26 Equal Opportunity. (SEP 2016) 52.222-35 Equal Opportunity for Veterans. (JUN 2020) 52.222-36 Equal Opportunity for Workers with Disabilities. (JUN 2020) 52.222-37 Employment Reports on Veterans. (OCT 2020) 52.222-38 Compliance with Veterans’ Employment Reporting Requirements. (FEB 2016) 52.222-40 Notification of Employee Rights Under the National Labor Relations Act. (DEC 2010) 52.222-41 Service Contract Labor Standards. (AUG 2018) 52.222-50 Combating Trafficking in Persons. (Note 2 applies. In paragraph (e), Note 3 applies.) (OCT 2020) 52.222-54 Employment Eligibility Verification. (In paragraph (a), Note 1 applies.) (OCT 2015) 52.223-18 Encouraging Contractor Policies to Ban Text Messaging While Driving. (JUN 2020) 52.224-3 Privacy Training. (JAN 2017) 52.225-1 Buy American—Supplies. (Note 2 applies to the first time “Contracting Officer” is mentioned in paragraph (c).) (MAY 2014) 52.225-5 Trade Agreements. (OCT 2019) 52.225-8 Duty-Free Entry. (Note 2 applies.) (OCT 2010) 52.225-13 Restrictions on Certain Foreign Purchases. (JUN 2008) 52.225-20 Prohibition on Conducting Restricted Business Operations in Sudan—Certification. (AUG 2009) 52.225-25 Prohibition on Contracting with Entities Engaging in Certain Activities or Transactions Relating to Iran— Representation and Certifications. (AUG 2018) 52.227-19 Commercial Computer Software License. (DEC 2007) 52.228-5 Insurance—Work on a Government Installation. (Note 2 applies. Note 4 applies to paragraph (b).) (JAN 1997) 52.229-10 State of New Mexico Gross Receipts and Compensating Tax. (Note 4 applies.) (APR 2003) 52.232-7 Payments under Time-and-Materials and Labor-Hour Contracts...
