Common use of Consideration and Compensation Clause in Contracts

Consideration and Compensation. Service Provider will be compensated based on a fixed sum for the specific project herein. The not-to-exceed amount under this agreement is $12,600.00, unless amended by a change order and approved by the Xxxxxxxxxx County Commissioners Court. Payment for goods and services shall be governed by Chapter 2251 of the Texas Government Code. An invoice shall be deemed overdue the 31st day after the later of (1) the date The County receives the goods under the contract; (2) the date the performance of the service under the contract is completed; or (3) the date the Xxxxxxxxxx County Auditor receives an invoice for the goods or services. Interest charges for any overdue payments shall be paid by The County in accordance with Texas Government Code Section 2251.025. More specifically, the rate of interest that shall accrue on a late payment is the rate in effect on September 1 of The County’s fiscal year in which the payment becomes due. The said rate in effect on September 1 shall be equal to the sum of one percent (1%); and (2) the prime rate published in the Wall Street Journal on the first day of July of the preceding fiscal year that does not fall on a Saturday or Sunday.

Appears in 1 contract

Samples: Services Agreement

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Consideration and Compensation. Service Provider will be compensated based on a fixed sum for the specific project herein. The not-to-exceed amount under this agreement is $12,600.0076,600.00, unless amended by a change order and approved by the Xxxxxxxxxx Williamson County Commissioners Court. Payment for goods and services shall be governed by Chapter 2251 of the Texas Government Code. An invoice shall be deemed overdue the 31st day after the later of (1) the date The County receives the goods under the contract; (2) the date the performance of the service under the contract is completed; or (3) the date the Xxxxxxxxxx Williamson County Auditor receives an invoice for the goods or services. Interest charges for any overdue payments shall be paid by The County in accordance with Texas Government Code Section 2251.025. More specifically, the rate of interest that shall accrue on a late payment is the rate in effect on September 1 of The County’s fiscal year in which the payment becomes due. The said rate in effect on September 1 shall be equal to the sum of one percent (1%); and (2) the prime rate published in the Wall Street Journal on the first day of July of the preceding fiscal year that does not fall on a Saturday or Sunday.

Appears in 1 contract

Samples: Services Contract

Consideration and Compensation. Service Provider will be compensated based on a fixed f ixed sum for the specific project herein. The not-to-exceed amount under this agreement as set out in “Cost Proposal Appendix A” and “Job Descriptions Appendix B,” which is $12,600.00, unless amended by a change order and approved by the Xxxxxxxxxx County Commissioners Courtpart of Service Provider’s Proposal Response. Payment for goods and services shall be governed by Chapter 2251 of the Texas Government Code. An invoice shall be deemed overdue the 31st day after the later of (1) the date The the County receives the goods under the contract; (2) the date the performance of the service under the contract is completed; or (3) the date the Xxxxxxxxxx Williamson County Auditor receives an invoice for the goods or services. Interest charges for any overdue payments shall be paid by The the County in accordance with Texas Government Code Section 2251.025. More specifically, the rate of interest that shall accrue on a late payment is the rate in effect on September 1 of The the County’s fiscal year in which the payment becomes due. The said rate in effect on September 1 shall be equal to the sum of one percent (1%); and (2) the prime rate published in the Wall Street Journal on the first day of July of the preceding fiscal year that does not fall on a Saturday or Sunday.

Appears in 1 contract

Samples: Service Contract

Consideration and Compensation. Service Provider will be compensated based on a fixed sum for the specific project herein. The not-to-exceed amount under this agreement is $12,600.006,975.00, unless amended by a change order and approved by the Xxxxxxxxxx Williamson County Commissioners Court. Payment for goods and services shall be governed by Chapter 2251 of the Texas Government Code. An invoice shall be deemed overdue the 31st day after the later of (1) the date The County receives the goods under the contract; (2) the date the performance of the service under the contract is completed; or (3) the date the Xxxxxxxxxx Williamson County Auditor receives an invoice for the goods or services. Interest charges for any overdue payments shall be paid by The County in accordance with Texas Government Code Section 2251.025. More specifically, the rate of interest that shall accrue on a late payment is the rate in effect on September 1 of The County’s fiscal year in which the payment becomes due. The said rate in effect on September 1 shall be equal to the sum of one percent (1%); and (2) the prime rate published in the Wall Street Journal on the first day of July of the preceding fiscal year that does not fall on a Saturday or Sunday.

Appears in 1 contract

Samples: Services Contract

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Consideration and Compensation. Service Provider will be compensated based on a fixed sum for the specific project herein. The not-to-exceed amount under this agreement is $12,600.0025,000.00, unless amended by a change order and approved by the Xxxxxxxxxx County Commissioners Court. Payment for goods and services shall be governed by Chapter 2251 of the Texas Government Code. An invoice shall be deemed overdue the 31st day after the later of (1) the date The County receives the goods under the contract; (2) the date the performance of the service under the contract is completed; or (3) the date the Xxxxxxxxxx County Auditor receives an invoice for the goods or services. Interest charges for any overdue payments shall be paid by The County in accordance with Texas Government Code Section 2251.025. More specifically, the rate of interest that shall accrue on a late payment is the rate in effect on September 1 of The County’s fiscal year in which the payment becomes due. The said rate in effect on September 1 shall be equal to the sum of one percent (1%); and (2) the prime rate published in the Wall Street Journal on the first day of July of the preceding fiscal year that does not fall on a Saturday or Sunday.

Appears in 1 contract

Samples: Master Services Contract

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