Common use of Billing and Payment Procedures Clause in Contracts

Billing and Payment Procedures. Consultant shall present monthly itemized invoices for Services performed during the previous Monthly Period to the Agency. Each invoice shall state the date the Services were provided and the number of hours spent providing the Services. If requested by the Agency, Consultant shall present additional documentation evidencing the provision of services satisfactory to the Agency. The Agency agrees to approve or disapprove Consultant’s invoice and/or additional documentation, as the case may be, within ten (10) days after the Agency’s receipt of the invoice and/or additional documentation. The Agency agrees to pay the Consultant for work satisfactorily performed and expenses properly incurred within thirty (30) days after the Agency’s approval of a statement from the Consultant describing such work and expenses. The Agency may withhold from any Monthly Compensation payable to Consultant sufficient funds to compensate the Agency for any losses, costs, liabilities or damages the Agency reasonably believes were suffered by the Agency due to the Default (as hereinafter defined in Section 7) of the Consultant hereunder.