CONSIDERATION AND PAYMENT: COST REIMBURSEMENT Sample Clauses

CONSIDERATION AND PAYMENT: COST REIMBURSEMENT. As full and complete consideration for performance of work called for herein, the Subawardee shall be paid on a cost reimbursement basis, up to a maximum of $40,038 for one year. The Subawardee shall submit an invoice for actual cost, monthly for the duration of this agreement. Invoices for payment will be submitted to the following address: Xxxxxx Xxxxx Xxxxxxx University Sponsored Programs Xxxxxx 000 Xxxxxxxx Xxxxxx Xxxxxxxxxx, XX 00000 To contact Xx. Xxxxx by telephone, use (000) 000-0000 or (000) 000-0000 for telefacsimile.
Sample 1
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CONSIDERATION AND PAYMENT: COST REIMBURSEMENT. As full and complete consideration for the satisfactory performance of its obligations hereunder, the Subawardee shall be paid on a cost reimbursement basis for allowable costs incurred in accordance with the terms of this Agreement, up to a maximum fixed fee of $ for the Period of Performance. The Subawardee shall submit an invoice for actual costs, monthly for the duration of this agreement. The final shall be due no later than forty-five days after the above referenced end date. In the event Subawardee is unable to meet its obligations under the above fixed fee, then Subawadee shall promptly notify NSU in writing and shall provide a written estimate of the cost overrun. In no event, however, shall Subawardee continue performance under this Agreement for any amount that exceeds the total subcontract amount. “Allowable Costs” shall be determined, without limitation, in accordance with the terms and conditions of the Prime Award, the applicable laws, and established NSU policies. Invoices for payment will be submitted to the following address: Xxxxx X. X. Xxxx Director, Office of Sponsored Programs Norfolk State University 000 Xxxx Xxxxxx, XXXX 000 Norfolk, Virginia 23504-8060 Voice: (000) 000-0000 Fax: (000) 000-0000 Electronic mail: xxxxx@xxx.xxx@xxx.xxx.
Sample 1

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