Block Funding and Payment Details Block Funding Sample Clauses

Block Funding and Payment Details Block Funding. $<insert> (GST inclusive unless clause 9.2 applies) Manner of Payment: <insert details> Payment Dates: <insert details> Address for invoices: <insert details> If required include detailed description of funding and payment in Attachment 5 Item 12 NFP Sector Indexation Rate <insert indexation rate> Item 13 Tax Invoice Issuing Party Government Party NFP Item 14 Quality Standards <insert description> Item 15 Insurances Public Liability Insurance Professional Indemnity Insurance Not less than $1,000,000 Professional Indemnity Insurance required <insert amount> The Professional Indemnity Insurance held by the NFP must include a minimum run off period of 3 years Item 16 Liability Limit The following Liability Limit has been approved by Cabinet (25 July 2016) for low and medium risk contracts <insert between [1 and 5] x [the Total Block Funding Amount (inc. GST)]. Multiple to be based on Government Party’s risk assessment> For high risk contracts please contact Crown Solicitor’s Office Item 17 Intellectual Property Indicate below which option applies: Government Party ownership NFP ownership Item 18 Other Termination Rights <e.g. failure to meet [insert number] Service Levels or insert “not applicable”> Item 19 Approved Subcontractors <insert relevant details or insert “not applicable”> Item 20 Additional Personnel Checks <e.g. DCSI Screening Unit screening or insert “not applicable”>