Contract Price and Payments. Contracts are either “global price” or “fee-based”.
20.1. Fee-based contract In consideration of the services performed by the Contractor under the contract, the Contracting Authority shall make to the Contractor such payments of fees and such reimbursement of costs as provided in the contract. Fees shall be determined on the basis of time actually spent by the key experts in the performance of services at the fee rates specified in the contract. Fee rates are deemed to remunerate all the activities of the Contractor in the performance of the services and to cover all expenses and costs incurred by the Contractor which are not included in the agreed reimbursable costs. The Contracting Authority shall reimburse to the Contractor the reimbursable costs and expenses specified in the contract, actually and reasonably incurred in the performance of the services. Costs and expenses which are not mentioned in the contract shall be deemed covered by the overhead of profit included in the fees. The currency of payments of fees and reimbursable costs and applicable exchange rates are set out in the contract.
Contract Price and Payments. The contract price is specified at §2 on page one (1). Contractor may apply for progress payments on a monthly basis. Contractor shall submit a signed invoice covering the work completed to that date, and accompanied by supporting documentation to the County’s satisfaction. Progress payments will be in an amount equal to 95 percent (95%) of the work completed. Contractor may substitute securities for any retention as set forth in PCC Sec. 22300. Pursuant to PCC Sec. 20104.50, each payment request shall be reviewed by County as soon as practicable after receipt. Any request not suitable for payment shall be returned promptly, and in no event later than seven calendar days from its date of receipt. A request that is returned unpaid shall be accompanied by a written explanation by the County. The number of days available by the County to make a payment without incurring interest pursuant to PCC Sec. 20104.50 shall be reduced by the number of days by which the County exceeds the seven day return requirement. Payment of any retention for the completed project will not be due until at least 35 days after the recording of the Notice of Completion, or no later than 60 days after completion of the Project as defined in PCC Sec. 7107, whichever occurs first. Payment may be made earlier if the County receives from each and every subcontractor and supplier an ‘Unconditional Waiver and Release Upon Final Payment’ in the form prescribed by Civil Code Section 3262(d). Acceptance of final payment will be deemed a waiver of all claims except those which were timely made pursuant to claims and civil action procedures described in Exhibit A. Invoices, or other applications for County payment, shall contain detailed full documentation of all work performed and all reimbursable expenses incurred. Where the Scope of Work is divided into tasks, invoices shall detail the related expenditures accordingly. No expense will be reimbursed without documentation.
Contract Price and Payments. Owner agrees to pay Contractor the total amount of $________ (the “Contract Price”). Payment of this amount is subject to additions or deductions in accordance with any mutually agreed to changes and/or modifications in the Work. Payment will be made by (Check one) ☐ cash ☐ personal check ☐ cashier’s check ☐ money order ☐ credit card or debit card ☐ wire transfer ☐ other: __________, according to the following schedule: Deposit (Check one) ☐ A deposit is NOT required. ☐ $__________ deposit, due upon the execution of this Agreement. Installments (Check one) ☐ There will be NO installment payments. ☐ Installment will be paid at set intervals. $________ due ☐ every week ☐ every month ☐ other: __________ from the completion of the Work. ☐ Installments will be paid upon the completion of the following milestones: $________ due upon __________ [Milestone] $________ due upon __________ [Milestone] $________ due upon __________ [Milestone] $________ balance due upon completion of the Work.
Contract Price and Payments. 9.1 The Contract Price and the terms and schedule of payment shall be as set out in Annex C (Contract Price, and Payment Schedule).
9.2 This Agreement is a turnkey contract. The Contract Price is a lump sum price which includes all contingencies necessary to ensure compliance with the performance criteria set out in the Specifications. The Buyer shall not be liable for any additional costs for variations to the scope of the Equipment in order to secure compliance with the performance criteria of this Agreement.
9.3 The Contractor agrees that the Contract Price, and any other charges quoted in this Agreement, shall not be increased except in accordance with Clause 13.
9.4 The Contractor shall submit its invoices with supporting documents in triplicate to the Buyer at the address stated below or such other address and location as the Buyer may direct in writing:- Tel.: 00000000 E-mail: xxxxxx_xxxxx@xxxx.xxx.xx
9.5 The Contract Price (together with GST thereon) shall be paid by the Buyer in accordance with the Payment Schedule set out in Annex C (Contract Price, Price Summary and Payment Schedule), after receipt of invoice together with all supporting documents from the Contractor. Each invoice for the relevant part of the Contract Price or the charges, as the case may be, shall be issued to the Buyer after the corresponding relevant stage of the supply of the Equipment has been duly completed and accepted by the Buyer in accordance with this Agreement, specifying the amount payable by the Buyer and attaching evidence of acceptance of the Equipment by the Buyer. The Buyer shall pay all undisputed charges within sixty (60) days of receipt of an invoice and all supporting documents.
9.6 The Parties shall use their best endeavours to resolve such disputes or differences in relation to the disputed charges in accordance with the dispute resolution process/procedure as contained in Clause 24.
9.7 Unless otherwise specified, all invoices will be billed in Singapore dollars and all payments required to be made under this Agreement shall be made in Singapore dollars.
9.8 Unless otherwise specified herein or agreed, all permits, licenses, royalties and fees whatsoever claimable by or payable to any person, firm or corporation or government or in connection with intellectual property used or required to be used in connection with the Contractor’s obligations under this Agreement are deemed to be included in the Contract Price, and shall be for the account of the Contra...
Contract Price and Payments. 2.1 The total of all implementation contract payments shall be $1,615,506 (the “Contract Price”). ESCO shall invoice Customer for construction progress payments which shall be paid to ESCO monthly based on the percentage completion of items delineated on a “Schedule of Values” completed during the prior month. The Schedule of Values will be developed by ESCO and provided to Customer at the beginning of project implementation. The Schedule of Values will be based upon the project cost less the Project Mobilization Payment. If any payment is over thirty (30) days late from the due date stated on the invoice, Customer shall pay to ESCO a 1% late penalty per month and ESCO reserves the right to terminate this Contract due to non-payment upon fifteen (15) days prior written notice.
2.2 Within thirty (30) days of the Date of Commencement, Customer shall make payment to ESCO for expenses incurred to date and project mobilization expenses, including but not limited to engineering, project start-up and mobilization, equipment and material procurement, bonds and other expenses incurred to date (“Project Mobilization Payment”) in the amount of not to exceed 20% of the implementation contract payment total of the Contract Price as provided for on the Project Mobilization Payment invoice attached hereto and made a part hereof.
2.3 For the initial one (1) year beginning at the Savings Guarantee Commencement Date, Customer shall receive the services as described in the Performance Assurance Support Services Agreement at no additional cost. Thereafter, the Performance Assurance Support Services Agreement shall automatically renew for a period of one (1) year, whereby Customer can maintain the current service, upgrade the level of service, or terminate, as provided for in Schedule B.
2.4 Final payment for the Work shall not become due until ESCO has delivered to Customer a complete release of all liens arising out of this Contract covering all labor, materials, and equipment for which a lien could be filed, or a bond satisfactory to Customer to indemnify Customer against such lien.
2.5 The making of final payment shall constitute a waiver of claims by Customer except those arising from (1) liens, claims, security interests or encumbrances arising out of the Contract and which are unsettled, (2) failure of the Work to comply with the requirements of the Contract Documents, or (3) terms of special warranties required by the Contract Documents.
2.6 Notwithstanding any provisi...
Contract Price and Payments. UNIDO shall pay the Contractor for the full and proper performance of its obligations under the Contract the sum of United States Dollars xxxxxxxxxxxxxxxxxxxxxxxx (USD xxxxxxxxxxx) (hereinafter referred to as the “Contract Price”). UNIDO shall pay the Contractor, for the full and proper performance of its obligations under this Contract, the fix and firm all-inclusive unit prices indicated in the Contractor’s Price List (Annex xx) which shall be valid for at least xx years (i.e. from xxxxxxxxxxxxxx to xxxxxxxxxxxxxxx). During the above period, the unit prices are fixed and not subject to escalation. However, in case of extension of the Contract, prices may be adjusted, if an when applicable, once a year to cover increase/decrease in labour costs, product costs or other direct costs if in conformity with the annual price adjustment published by the xxxxx . Such adjustment, if any, shall not be made before xxx and must be documented by the Contractor accordingly. UNIDO shall pay the Contractor for each e-mail work order placed by the UNIDO Focal Point or its representative(s) in accordance with the terms of this Contract. The Contractor acknowledges that total payments by UNIDO under this Contract shall not exceed the Contract Price. The amounts prescribed in Annex E are exclusive of Value Added Tax (VAT). The Not to Exceed (NTE) Amount of this Contract is Euro xxxxxxxxxxxxxxxxxxxxxx (€ xxxxxxxxxxx) (+ VAT) for the initial period of three (3) years. The total NTE Amount is not subject to escalation. It is to be understood that UNIDO is not obliged to purchase up to the whole amount of the Contract. This sum shall cover all expenses incurred by the Contractor including, but not limited to the cost of the equipment and supplies rendered at the Work Site, the complete engineering and technical services and technical documentation, the remuneration of the Contractor's personnel and all other compensations, insurance and social charges as well as its overheads, technical assistance and supervision costs. Partial payments may be allowed only upon additional agreement between UNIDO and the Contractor. In case the Contractor elects to propose a discount (SCONTO) for accelerated payment, the payment period shall be counted from the date of receipt by UNIDO of the Contractor’s invoice. The making of any payment hereunder by UNIDO shall not be construed as an unconditional acceptance by UNIDO of the Work accomplished, or the equipment or technical documentation deliver...
Contract Price and Payments. The client agrees to pay the contractor the amount of $________ for the total completion of the project. The client will be paid in ________ increments of $__________ after each of the above mentioned tasks have been completed. Payments must be made by the client within no more than 30 calendar days of task completion.
Contract Price and Payments. Owner agrees to pay Contractor the total amount of $27,347 (the “Contract Price”). Payment of this amount is subject to additions or deductions in accordance with any mutually agreed to changes and/or modifications in the Work.
Contract Price and Payments. (a) If Contractor performs the Work in accordance with this Contract and to the satisfaction of Agency, Agency shall pay Contractor in the amount and manner as set forth in the exhibit(s); however, the total Contract price shall not exceed the sum stated above, unless otherwise agreed to in writing by Agency. No payment, including all progress payments and the final payment, shall be made to Contractor in excess of 95% of the percentage of Work actually completed plus a like percentage of the value of material delivered on the ground or stored subject to, or under the control of, Agency. The five percent not paid shall be withheld by Agency until final completion and acceptance of the Work. However, in lieu of withholding of money, and in accordance with the provisions of California Public Contract Code section 22300, Contractor may substitute securities to ensure performance under the Contract.
(b) If payment is to be made by progress payments, then, in accordance with California Public Contract Code section 20104.50, a written payment request from Contractor shall be reviewed by Agency as soon as practicable in order to determine whether it is proper. If Agency determines it not to be a proper payment request suitable for payment, then Agency shall return it to Contractor with a written explanation of the deficiencies as soon as practicable, but not later than seven days after receipt of the payment request. If Agency determines the payment request to be properly submitted and undisputed, the Agency shall make the payment to Contractor within 30 days after receipt of the payment request. If Agency does not pay a properly submitted and undisputed payment request within this 30-day period, then Agency shall pay interest on the overdue amount to Contractor at the legal rate set forth at California Code of Civil Procedure section 685.010. This subsection shall not apply if Agency funds are not available for payment of the payment request or if payment is delayed due to an audit inquiry by the financial officer of Agency.
(c) No progress or final payment shall be considered or construed to be an approval or acceptance of any Work, materials or equipment, or a waiver of any breach or default. Estimated amounts and values of Work done and materials and equipment incorporated into the Work will be conformed with actual amounts and values as they become available in subsequent progress payments and the final payment. All payments will be subject to correction in ...
