Common use of COMPENSATION/INVOICES Clause in Contracts

COMPENSATION/INVOICES. a. The Contractor shall be required to perform at the price(s) quoted in this Contract. All items shall be performed within the time period(s) specified in the Contract. The Contractor shall be compensated only for items supplied and performed to the satisfaction of the University. The Contractor shall not be allowed or paid travel or per diem expenses except as specifically set forth in this Contract. b. The Contractor shall send an itemized invoice to the address referenced on this Contract promptly after items are satisfactorily delivered. The invoice should include only amounts due under this Contract. This Contract number must be included on all invoices. In addition, the University shall have the right to require the Contractor to prepare and submit a “Work In Progress” sheet that contains, at a minimum, the tasks performed, number of hours, hourly rates, and the purchase order or task order to which it refers. c. Contractor may not impose a surcharge or demurrage for any reason, unless authorized by the University in writing. Surcharges/demurrage charges not approved in writing shall not be paid if invoiced, and the University shall not be liable for or penalized in any way for lack of payment. d. Each invoice shall be itemized with detail deemed adequate by the University or it will be returned as improper and the time for processing a payment will be suspended until the University receives a correct invoice. In no instance shall any payment be made for services to the Contractor that are not in accordance with the prices on the Purchase Order, this Contract, updated price lists or any discounts negotiated by the University. e. The University shall have the right to require the Contractor to prepare and submit a “Work In Progress” sheet that contains, at a minimum, the tasks performed, number of hours, hourly rate, and the Purchase Order to which it refers.

COMPENSATION/INVOICES. a. The Contractor Company shall pay Provider in accordance with the indicated payment terms after receipt of the goods or services that meet the requirements of this Order and after receipt of a correct invoice from Provider (and if no timing for payment is specified on the purchase order, the timing shall be required net 60 days after Company’s receipt of a correct invoice). Company, at its sole option unless agreed to perform at otherwise, shall make payment to Provider in the price(s) quoted currency in this Contractwhich such amounts were incurred by Provider. All items shall be performed within invoices must include at a minimum the time period(sfollowing information: (i) specified Order number; and (ii) description, quantity and cost of goods or services received by Company during the invoice period. Company may require Provider to supply additional information and documentation with each invoice. Provider must forward bills of lading and shipping notices with invoices. If Company disputes an amount stated in the Contract. The Contractor shall be compensated only for items supplied and performed to the satisfaction an invoice, Company will notify Provider in writing of the Universitydispute and the basis therefore. The Contractor Upon receipt of such notification, Provider shall not be allowed or paid travel or per diem expenses except as specifically submit a revised invoice stating only undisputed amounts. Upon resolution of disputed amounts, Provider shall submit an invoice pursuant to this Article for the amounts that the Parties mutually agree are no longer in dispute. Following receipt of an invoice stating only undisputed amounts (“Correct Invoice”), Company will pay Provider such amounts in accordance with this Article. Rates set forth in this Contract. b. The Contractor Order are firm and fixed and all inclusive, except as provided in the Taxes provision of this Order. Company shall send not compensate Provider for time spent traveling to Company’s jobsites or in transit between Company’s jobsites. Payment by Company does not constitute acceptance of the Provider’s performance hereunder or an itemized invoice admission of liability. Failure to the address referenced on this Contract promptly after items are satisfactorily delivered. The invoice should include only amounts due under this Contract. This Contract number must be included on all invoices. In addition, the University shall have the right to require the Contractor to prepare and submit a “Work In Progress” sheet that contains, at a minimum, the tasks performed, number proper invoice may result in delay of hours, hourly rates, payment. Payment by Company does not constitute and the purchase order or task order to which it refers. c. Contractor may not impose a surcharge or demurrage for any reason, unless authorized by the University in writing. Surcharges/demurrage charges not approved in writing shall not be paid if invoiced, and construed as acceptance of the University shall not be liable for goods or penalized in any way for lack services or an admission of paymentliability. d. Each invoice shall be itemized with detail deemed adequate by the University or it will be returned as improper and the time for processing a payment will be suspended until the University receives a correct invoice. In no instance shall any payment be made for services to the Contractor that are not in accordance with the prices on the Purchase Order, this Contract, updated price lists or any discounts negotiated by the University. e. The University shall have the right to require the Contractor to prepare and submit a “Work In Progress” sheet that contains, at a minimum, the tasks performed, number of hours, hourly rate, and the Purchase Order to which it refers.

COMPENSATION/INVOICES. a. The Contractor shall be required to perform at the price(s) quoted in this Contract. All items shall be performed within the time period(s) specified in the Contract. The Contractor shall be compensated only for items supplied and performed to the satisfaction of the UniversityUniversity or Public Agency. The Contractor shall not be allowed or paid travel or per diem expenses except as specifically set forth in this Contract. b. The Contractor shall send an itemized invoice to the address referenced on this Contract promptly after items are satisfactorily delivered. The invoice should include only amounts due under this Contract. This Contract number must be included on all invoices. In addition, the University or Public Agency shall have the right to require the Contractor to prepare and submit a “Work In Progress” sheet that contains, at a minimum, the tasks performed, number of hours, hourly rates, and the purchase order or task order to which it refers. c. Contractor may not impose a surcharge or demurrage for any reason, unless authorized by the University State System or Public Agency in writing. Surcharges/demurrage charges not approved in writing shall not be paid if invoiced, and the University or Public Agency shall not be liable for or penalized in any way for lack of payment. d. Each invoice shall be itemized with detail deemed adequate by the University or Public Agency or it will be returned as improper and the time for processing a payment will be suspended until the University or Public Agency receives a correct invoice. In no instance shall any payment be made for services to the Contractor that are not in accordance with the prices on the Purchase Order, this Contract, updated price lists or any discounts negotiated by the UniversityUniversity or the Public Agency. e. The University or Public Agency shall have the right to require the Contractor to prepare and submit a “Work In Progress” sheet that contains, at a minimum, the tasks performed, number of hours, hourly rate, and the Purchase Order to which it refers.