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 and services performed hereunder at the amounts set forth in Exhibit “A” (which shall be contingent and based upon the option selected by County). The amount of compensation paid to Service Provider shall be capped and paid upon final completion. 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 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 2 contracts

Samples: Services Contract, Services Contract

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Consideration and Compensation. Service Provider will be compensated based on a fixed sum for the specific project and services performed hereunder at the amounts amount set forth out in Exhibit “A” (which shall be contingent and based upon final completion of the option selected services as determined by County). The not-to-exceed amount of compensation paid to Service Provider shall be capped under this Contract is Twenty-Five Thousand Dollars ($25,000) unless amended by a change order and paid upon final completionapproved by the 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 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 2 contracts

Samples: Services Agreement, Services Agreement

Consideration and Compensation. Service Provider will be compensated based on a fixed sum for the specific project and services performed hereunder at the amounts set forth in Exhibit “A” (which shall be contingent and based upon the option selected by County)herein. The amount of compensation paid to Service Provider shall be capped and paid upon final completionnot-to-exceed $2,505.00 for the specific project. Any changes to this amount must be made by change order or addendum and approved by the 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 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 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: Services Agreement

Consideration and Compensation. Service Provider will be compensated based on a fixed sum for rates set out in the specific project and services performed hereunder at the amounts set forth in attached Exhibit “A” (”, which is incorporated herein as if copied in full. The not-to- exceed amount under this Contract shall be contingent $1,800.00, unless amended by a change order and based upon approved by the option selected by County). The amount of compensation paid to Service Provider shall be capped and paid upon final completionXxxxxxxxxx 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 Williamson 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

Consideration and Compensation. Service Provider will be compensated based on a fixed sum for rates set out in the specific project and services performed hereunder at the amounts set forth in attached Exhibit “A” (”, which is incorporated herein as if copied in full. The not-to- exceed amount under this Contract shall be contingent $2,700.00, unless amended by a change order and based upon approved by the option selected by County). The amount of compensation paid to Service Provider shall be capped and paid upon final completionXxxxxxxxxx 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 Williamson 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 Contract

Consideration and Compensation. Service Provider will be compensated based on Attachment C – Fee Schedule, which is incorporated herein as if copied in full. This Agreement is subject to a fixed sum for the specific project and services performed hereunder at the amounts set forth in Exhibit “A” (which shall be contingent and based upon the option selected by County). The not-to-exceed amount of compensation paid to Service Provider shall be capped and paid upon final completionfour hundred thousand dollars ($400,000.00) for these services during any applicable fiscal year (October 1st through September 30th). 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 Williamson Xxxxxxxxxx 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: Amendment to Agreement

Consideration and Compensation. Service Provider will be compensated based on a fixed sum for the specific project and services performed hereunder at the amounts set forth in Exhibit “A” (which shall be contingent and based upon the option selected by County)herein. The amount of compensation paid to Service Provider shall be capped and paid upon final completionnot-to-exceed $2,505.00 for the specific project. Any changes to this amount must be made by change order or addendum 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 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 Williamson Xxxxxxxxxx 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: Services Agreement

Consideration and Compensation. Service Provider will be compensated based on a fixed sum for rates set out in the specific project and services performed hereunder at the amounts set forth attached Exhibit "A", which is incorporated herein as if copied in Exhibit “A” (which full. The not-to- exceed amount under this Contract shall be contingent $30,000.00, unless amended by a change order and based upon approved by the option selected by County). The amount of compensation paid to Service Provider shall be capped and paid upon final completionWilliamson 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 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 's fiscal year in which the payment becomes due. The said rate in effect on September 1 l 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 and services performed hereunder at the amounts set forth in Exhibit “A” (which shall be contingent and based upon the option selected by County)herein. The amount of compensation paid to Service Provider shall be capped and paid upon final completionnot-to-exceed $7,700.00 for the specific project. Any changes to this amount must be made by change order or addendum 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 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 Williamson Xxxxxxxxxx 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: County Services Contract for Tower Inspection Services

Consideration and Compensation. Service Provider will be compensated based on a fixed sum for rates set out in the specific project and services performed hereunder at the amounts set forth in attached Exhibit “A” (”, which is incorporated herein as if copied in full. The not-to- exceed amount under this Contract shall be contingent $17,500.00, unless amended by a change order and based upon approved by the option selected by County). The amount of compensation paid to Service Provider shall be capped and paid upon final completionXxxxxxxxxx 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 Williamson 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 Contract

Consideration and Compensation. Service Provider will be compensated based on a fixed sum for rates set out in the specific project and services performed hereunder at the amounts set forth in attached Exhibit “A” (”, which is incorporated herein as if copied in full. The not-to- exceed amount under this Contract shall be contingent $1,975.00, unless amended by a change order and based upon approved by the option selected by County). The amount of compensation paid to Service Provider shall be capped and paid upon final completionXxxxxxxxxx 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 Williamson 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

Consideration and Compensation. Service Provider will be compensated based on a fixed sum for the specific project and services performed hereunder at the amounts set forth in Exhibit “A” (which shall be contingent and based upon the option selected by County)herein. The amount of compensation paid to Service Provider shall be capped and paid upon final completionnot-to-exceed $7,700.00 for the specific project. Any changes to this amount must be made by change order or addendum and approved by the 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 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 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: County Services Contract for Tower Inspection Services

Consideration and Compensation. Service Provider will be compensated based on a fixed sum for rates set out in the specific project and services performed hereunder at the amounts set forth in attached Exhibit “A” (”, which is incorporated herein as if copied in full. The not-to- exceed amount under this Contract shall be contingent $2,400.00, unless amended by a change order and based upon approved by the option selected by County). The amount of compensation paid to Service Provider shall be capped and paid upon final completionXxxxxxxxxx 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 Williamson 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 Contract

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