CONTRACT TERMS AND METHOD OF PAYMENT Sample Clauses

CONTRACT TERMS AND METHOD OF PAYMENT. A. Contract Term (include renewal options if applicable) 1. This Contract shall begin on (start date), or upon full execution, whichever is later, and shall end at 11:59 P.M. on (end date). In the event the parties sign this Contract on different dates, the latter date shall be the effective date. 2. The Department may renew this Contract upon the same terms and conditions, the duration(s) of which may not exceed the term of the original contract, or three years, whichever is longer. Exercise of the renewal option is at the Department’s sole discretion and shall be contingent, at a minimum, upon satisfactory performance, subject to the availability of funds and other factors deemed relevant by the Department.
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CONTRACT TERMS AND METHOD OF PAYMENT. A. Contract Term (include renewal options if applicable) 1. This Contract shall begin on (start date), or upon full execution, whichever is later, and shall end at 11:59 P.M. on (end date). In the event the parties sign this Contract on different dates, the latter date shall be the effective date. 2. The Department may renew this Contract upon the same terms and conditions, the duration(s) of which may not exceed the term of the original Contract, or three years, whichever is longer. Exercise of the renewal option is at the Department’s sole discretion and shall be contingent, at a minimum, upon satisfactory performance, subject to the availability of funds and other factors deemed relevant by the Department. Any costs incurred by the Provider for the renewal of this Contract shall not be charged to the Department. 3. Per 287.138(3), F.S., beginning July 1, 2025, a government entity may not extend or renew a contract with an entity listed in section 287.138(2)(a)-(c) F.S., if the contract would give such entity access to an individual’s personal identifying information. Per 287.138(4)(b) F.S., beginning July 1, 2025, when an entity extends or renews a contract with a government entity which would grant the entity access to an individual’s personal identifying information, the entity must provide the government entity with an affidavit signed by an officer or representative of the entity under penalty of perjury attesting that the entity does not meet any of the criteria in section 287.138(2)(a)-(c) F.S. B. Method of Payment (CHOOSE FROM THE FOLLOWING METHODS AS APPROPRIATE FOR THE SPECIFIC SERVICE) • This is a cost reimbursement Contract. The Department shall reimburse the Provider for allowable expenditures incurred pursuant to the terms of this Contract. • This is a fixed price (unit cost) Contract. The Department shall pay the Provider for the delivery of service units provided in accordance with the terms of this Contract. • This is a fixed price (fixed fee) Contract. The Department shall pay the Provider, upon satisfactory completion of both the service(s) and all terms and conditions specified in this Contract. • This is a combination fixed price/cost reimbursement Contract. (INSERT SPECIFIC DESCRIPTION). The Provider shall not receive payment for services rendered prior to the execution date or after the termination date of this Contract. Furthermore, the State of Florida’s performance and obligation to pay under this Contract is contingent upon an ...
Sample 1
CONTRACT TERMS AND METHOD OF PAYMENT. A. Contract Term (include renewal options if applicable) 1. This Contract shall begin on (start date), or upon full execution, whichever is later, and shall end at 11:59 P.M. on (end date). In the event the parties sign this Contract on different dates, the latter date shall be the effective date. 2. The Department may renew this Contract upon the same terms and conditions, the duration(s) of which may not exceed the term of the original Contract, or three years, whichever is longer. Exercise of the renewal option is at the Department’s sole discretion and shall be contingent, at a minimum, upon satisfactory performance, subject to the availability of funds and other factors deemed relevant by the Department. Any costs incurred by the Provider for the renewal of this Contract shall not be charged to the Department. B. Method of Payment (CHOOSE FROM THE FOLLOWING METHODS AS APPROPRIATE FOR THE SPECIFIC SERVICE) • This is a cost reimbursement Contract. The Department shall reimburse the Provider for allowable expenditures incurred pursuant to the terms of this Contract. • This is a fixed price (unit cost) Contract. The Department shall pay the Provider for the delivery of service units provided in accordance with the terms of this Contract. • This is a fixed price (fixed fee) Contract. The Department shall pay the Provider upon satisfactory completion of both the service(s) and all terms and conditions specified in this Contract. • This is a combination fixed price/cost reimbursement Contract. (INSERT SPECIFIC DESCRIPTION) The Provider shall not receive payment for services rendered prior to the execution date or after the termination date of this Contract. Furthermore, the State of Florida’s performance and obligation to pay under this Contract is contingent upon an annual appropriation by the Legislature. The parties agree that the Department is only responsible for payments as specified below.
Sample 1

Related to CONTRACT TERMS AND METHOD OF PAYMENT

  • Compensation and Method of Payment Subject to any limitations set forth below or elsewhere in this Agreement, District agrees to pay Consultant the amounts specified in Exhibit B “Compensation”. The total compensation, including reimbursement for actual expenses, shall not exceed Four Thousand Five Hundred Dollars ($4,500.00), unless additional compensation is approved in writing by the District. a. Each month Consultant shall furnish to District an original invoice for all work performed and expenses incurred during the preceding month. The invoice shall detail charges by the following categories: labor (by sub-category), travel, materials, equipment, supplies, and sub-consultant contracts. Sub-consultant charges, if any, shall be detailed by the following categories: labor, travel, materials, equipment and supplies. District shall independently review each invoice submitted by the Consultant to determine whether the work performed and expenses incurred are in compliance with the provisions of this Agreement. In the event that no charges or expenses are disputed, the invoice shall be approved and paid according to the terms set forth in subsection b. In the event any charges or expenses are disputed by District, the original invoice shall be returned by District to Consultant for correction and resubmission. b. Except as to any charges for work performed or expenses incurred by Consultant which are disputed by District, District will use its best efforts to cause Consultant to be paid within forty-five (45) days of receipt of Consultant’s correct and undisputed invoice. c. Payment to Consultant for work performed pursuant to this Agreement shall not be deemed to waive any defects in work performed by Consultant.

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  • Price and Terms of Payment To be valid, Supplier's invoices must contain Twitter's Order number and part number, the manufacturer's part number, a full description of the Deliverables, the quantity, unit price and total price, and the delivery address, as applicable. Valid Supplier invoices will become due for payment by Twitter, net thirty (30) days from Twitter's receipt of the Deliverables or the date of receipt of a correct invoice (whichever is later) unless otherwise indicated on the face of the Order. The date of invoice will not predate the date of delivery of the relevant Deliverables. Supplier will send invoices to Twitter's address designated on the face of the Order or to such other address as Twitter may specify in writing. Notwithstanding anything to the contrary contained in the Agreement, (a) Invoices submitted more than six (6) months after Twitter’s receipt of Deliverables will be rejected and no payment shall be made and (b) Twitter shall have no liability whatsoever under the Agreement for amounts due under any such invoice. Currency shall be in United States dollars unless otherwise identified on the face of the Order.

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