Common use of Cost Reimbursable Milestone Payment Method Clause in Contracts

Cost Reimbursable Milestone Payment Method. (with not to exceed ceiling): Payment is contingent upon satisfactory progress toward completion of milestones as delineated in Project Agreement. Payment shall be made based on actual costs incurred in completing milestones up to the maximum amount allowable under the applicable Project Agreement, provided the designated AOR has verified compliance with the Statement of Work and accomplishment of the stated effort. Per (ii) below, either a Status Report identifying any associated technical tasks and the progress toward completion of each milestone, a Deliverable Report, or a Milestone Report is required concurrent with the invoice. An acceptable invoice for reimbursable payment is one that (on the invoice or on the attached Status, Deliverable, or Milestone Report in accordance with each Project Task Assignment): (i) contains the date of invoice and the Base Agreement number and Project Agreement number; (ii) identifies any associated technical milestones and the progress toward completion of each milestone; (iii) includes a description of supplies and services, labor costs, subcontractor costs, material costs, travel costs, other direct costs, and extended totals; (iv) indicates the current period and cumulative man-hours and costs incurred through the period indicated on the invoice; and (v) contains the following certification statement: “I certify that the amounts invoiced are for costs incurred in accordance with the agreement, the work reflected has been performed, and prior payment has not been received.” Authorized Signature

Cost Reimbursable Milestone Payment Method. (with not to exceed ceiling): Payment is contingent upon satisfactory progress toward completion of milestones as delineated in Research Project AgreementAward. Payment shall be made based on actual costs incurred in completing milestones up to the maximum amount allowable under the applicable Research Project AgreementAward, provided the designated AOR SOTR has verified compliance with the Statement of Work and accomplishment of the stated effort. Per (ii) below, either Either a Status Report identifying any associated technical tasks and the progress toward completion of each milestone, a Deliverable Report, or a Milestone Report is required concurrent with the invoice. An acceptable invoice for reimbursable payment is one that (on the invoice or on the attached Status, Deliverable, or Milestone Report in accordance with each Research Project Task AssignmentAward): (i) 6.1.2.1. contains the date of invoice and the Base Agreement number and Research Project Agreement Award number; (ii) 6.1.2.2. identifies any associated technical milestones and the progress toward completion of each milestone; (iii) 6.1.2.3. includes a description of supplies and services, labor costs, subcontractor costs, material costs, travel costs, other direct costs, indirect costs, and extended totals; (iv) 6.1.2.4. indicates the current period and cumulative man-hours and costs incurred through the period indicated on the invoice; and (v) 6.1.2.5. contains the following certification statement: “I certify that the amounts invoiced are for costs incurred in accordance with the agreement, the work reflected has been performed, and prior payment has not been received.” Authorized Signature

Cost Reimbursable Milestone Payment Method. (with not to exceed ceiling): Payment is contingent upon satisfactory progress toward completion of milestones as delineated in Project Agreement. Payment shall be made based on actual costs incurred in completing milestones up to the maximum amount allowable under the applicable Project Agreement, provided the designated AOR has verified compliance with the Statement of Work and accomplishment of the stated effort. Per (ii) below, either a Status Report identifying any associated technical tasks and the progress toward completion of each milestone, a Deliverable Report, or a Milestone Report is required concurrent with the invoice. An acceptable invoice for reimbursable payment is one that (on the invoice or on the attached Status, Deliverable, or Milestone Report in accordance with each Project Task Assignment): (i) contains the date of invoice and the Base Agreement number and Project Agreement number; (ii) identifies any associated technical milestones and the progress toward completion of each milestone; (iii) includes a description of supplies and services, labor costs, subcontractor costs, material costs, travel costs, other direct costs, and extended totals; (iv) indicates the current period and cumulative man-hours and costs incurred through the period indicated on the invoice; and (v) contains the following certification statement: “I certify that the amounts invoiced are for costs incurred in accordance with the agreement, the work reflected has been performed, and prior payment has not been received.” Authorized SignatureSignature __________________________

Cost Reimbursable Milestone Payment Method. (with not to exceed ceiling): Payment is contingent upon satisfactory progress toward completion of milestones as delineated in Project Agreement. Payment shall be made based on actual costs incurred in completing milestones up to the maximum amount allowable under the applicable Project Agreement, provided the designated AOR has verified compliance with the Statement of Work and accomplishment of the stated effort. Per (ii) below, either a Status Report identifying any associated technical tasks and the progress toward completion of each milestone, a Deliverable Report, or a Milestone Report is required concurrent with the invoice. An acceptable invoice for reimbursable payment is one that (on the invoice or on the attached Status, Deliverable, or Milestone Report in accordance with each Project Task Assignment): (i) contains the date of invoice and the Base Agreement number and Project Agreement number; (ii) identifies any associated technical milestones and the progress toward completion of each milestone; (iii) includes a description of supplies and services, labor costs, subcontractor costs, material costs, travel costs, other direct costs, and extended totals; (iv) indicates the current period and cumulative man-hours and costs incurred through the period indicated on the invoice; and (v) contains the following certification statement: “I certify that the amounts invoiced are for costs incurred in accordance with the agreement, the work reflected has been performed, and prior payment has not been received.” Authorized Signature__________________________________

Cost Reimbursable Milestone Payment Method. (with not to exceed ceiling): Payment is contingent upon satisfactory progress toward completion of milestones as delineated in Project AgreementTask Assignment. Payment shall be made based on actual costs incurred in completing milestones up to the maximum amount allowable under the applicable Project AgreementTask Assignment, provided the designated AOR has verified compliance with the Statement of Work and accomplishment of the stated effort. Per (ii) below, either a Status Report identifying any associated technical tasks and the progress toward completion of each milestone, a Deliverable Report, or a Milestone Report is required concurrent with the invoice. An acceptable invoice for reimbursable payment is one that (on the invoice or on the attached Status, Deliverable, or Milestone Report in accordance with each Project Task Assignment): (i) contains the date of invoice and the Base VLC Project Agreement number and Project Agreement Task Assignment number; (ii) identifies any associated technical milestones and the progress toward completion of each milestone; (iii) includes a description of supplies and services, labor costs, subcontractor costs, material costs, travel costs, other direct costs, and extended totals; (iv) indicates the current period and cumulative man-hours and costs incurred through the period indicated on the invoice; and (v) contains the following certification statement: “I certify that the amounts invoiced are for costs incurred in accordance with the agreement, the work reflected has been performed, and prior payment has not been received.” Authorized Signature: