CONTRACTOR PAYMENT SCHEDULE Clause Samples
The Contractor Payment Schedule clause defines the timing and method by which a contractor will receive payments for their work under the contract. Typically, this clause outlines specific milestones, deliverables, or time intervals that trigger payments, such as upon completion of certain project phases or after monthly progress reports. By clearly establishing when and how payments are made, this clause helps manage cash flow for the contractor and ensures transparency and predictability for both parties, reducing the risk of disputes over payment timing.
CONTRACTOR PAYMENT SCHEDULE. For performance of the instructor services provided hereunder, City agrees to pay Contractor a negotiated rate for services rendered. The rate shall be $ 35.00 per (check one of the following): • Class X • Week • Month • Session • Season • Other (please specify) City will pay Contractor on the following dates: • Monthly • N/A
CONTRACTOR PAYMENT SCHEDULE. The Contractor shall submit a Payment Schedule for all firm fixed‐price (FFP) work proposed for a 12‐month period. This schedule shall break down the annual FFP cost of the work proposed by the month in which the work is planned to be performed.
CONTRACTOR PAYMENT SCHEDULE. Contractor shall invoice the Department for project fees payable to OHSU within one week of receipt of invoice from OHSU. Contractor shall also include the invoice received from OHSU for Department’s review. Department shall make payments for approved invoices within 30 days of receipt.
CONTRACTOR PAYMENT SCHEDULE. (a) The payments pursuant to the Agreement shall not exceed $4,991,625.00.
(b) Monthly invoices shall be in the amount of $110,925.00, unless required to be adjusted to account for any penalties, special projects, or other one-time expenses.
(c) Contractor shall submit monthly detailed invoice for payment to: ▇▇▇▇▇ ▇▇▇▇▇▇ Program Administration Manager State of Connecticut Department of Social Services ▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇ Hartford, CT 06105 By email: ▇▇▇▇▇.▇▇▇▇▇▇@▇▇.▇▇▇
(d) Contractor shall submit quarterly budget reports in addition to a yearly summary budget report for each year of the contract to include the following information:
i. Summary of all invoices submitted for payment by month;
ii. Amount and type of work performed within the reporting period, and iii. Itemization of any cost overruns.