Common use of Billing Rates Clause in Contracts

Billing Rates. If the Contract is a Flexibly Priced and/or Progress Payment contract, Seller must send its request of any proposed changes in billing rate to Buyer’s Authorized Procurement Representative at least sixty (60) calendar days prior to that date Seller proposes to use that rate on invoices to Buyer. Buyer will review the request and notify the Seller of Xxxxx’s decision prior to expiration of this period. If the rate is rejected, an audit by a third party auditor of Seller’s rate will be requested, through Buyer’s Contracts Department, to determine the allowable rate going forward.

Billing Rates. If the Contract is a Flexibly Priced and/or Progress Payment contract, Seller must send its request of any proposed changes in billing rate to BuyerXxxxx’s Authorized Procurement Representative at least sixty (60) calendar days prior to that date Seller proposes to use that rate on invoices to Buyer. Buyer will review the request and notify the Seller of Xxxxx’s decision prior to expiration of this period. If the rate is rejected, an a DCAA audit by a third party auditor of Seller’s rate will be requested, through Buyer’s Contracts Department, to determine the allowable rate going forward.

Billing Rates. If the Contract is a Flexibly Priced and/or Progress Payment contract, Seller must send its request of any proposed changes in billing rate to Buyer’s Authorized Procurement Representative at least sixty (60) calendar days prior to that date Seller proposes to use that rate on invoices to Buyer. Buyer will review the request and notify the Seller of Xxxxx’s decision prior to expiration of this period. If the rate is rejected, an a DCAA audit by a third party auditor of Seller’s rate will be requested, through Buyer’s Contracts Department, to determine the allowable rate going forward.