Common use of Cash Discounts Clause in Contracts

Cash Discounts. The contractor is encouraged to offer cash discounts based on expedited payment by the State. The State will make efforts to take advantage of discounts. Should the contractor choose to offer cash discounts the following shall apply: A. Discount periods shall be calculated starting from the next business day after the Using Agency has accepted the goods or services, received a properly signed and executed invoice and, when required, a properly executed performance security, whichever is latest; and B. The date on the check issued by the State in payment of that invoice shall be deemed the date of the State's response to that invoice.

Cash Discounts. The contractor is encouraged to offer cash discounts based on expedited payment by the State. The State will make efforts to take advantage of discounts. Should the contractor choose to offer cash discounts the following shall apply: A. 1. Discount periods shall be calculated starting from the next business day after the Using Agency has accepted the goods or services, received a properly signed and executed invoice and, when required, a properly executed performance security, whichever is latest; and B. 2. The date on the check issued by the State in payment of that invoice shall be deemed the date of the State's response to that invoice.