Common use of Disbursements Clause in Contracts

Disbursements. As a condition of this contract, the Contractor acknowledges and agrees to make disbursements in accordance with the following requirements: (a) Implement adequate internal controls over disbursements; (b) Pre-audit all vouchers presented for payment to determine: • Validity and accuracy of payment • Payment due date • Adequacy of documentation supporting payment • Legality of disbursement (c) Assure adequate control of signature stamps/plates; (d) Assure adequate control of negotiable instruments; and (e) Implement procedures to insure that account balance is solvent and reconcile the account monthly.

Appears in 51 contracts

Samples: Contract, Contract, Hosting and Maintenance Agreement

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Disbursements. As a condition of this contract, the Contractor Subcontractor acknowledges and agrees to make disbursements in accordance with the following requirements: (a) a. Implement adequate internal controls over disbursements; (b) b. Pre-audit all vouchers presented for payment to determine: Validity and accuracy of payment Payment due date Adequacy of documentation supporting payment Legality of disbursement (c) c. Assure adequate control of signature stamps/plates; (d) d. Assure adequate control of negotiable instruments; and (e) e. Implement procedures to insure that account balance is solvent and reconcile the account monthly.

Appears in 1 contract

Samples: Contract for the Provision of County Based Mippa Services

Disbursements. As a condition of this contractAgreement, the Contractor acknowledges and agrees to make disbursements in accordance with the following requirements: (a) Implement adequate internal controls over disbursements; (b) Pre-audit all vouchers presented for payment to determine: • Validity and accuracy of payment • Payment due date • Adequacy of documentation supporting payment • Legality of disbursement (c) Assure adequate control of signature stamps/plates; (d) Assure adequate control of negotiable instruments; and (e) Implement procedures to insure that account balance is solvent and reconcile the account monthly.

Appears in 1 contract

Samples: Amendment

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Disbursements. As a condition of this contract, the Contractor acknowledges and agrees to make disbursements in accordance with the following requirements: (a) Implement adequate internal controls over disbursements; (b) Pre-audit all vouchers presented for payment to determine: Validity and accuracy of payment Payment due date Adequacy of documentation supporting payment Legality of disbursement (c) Assure adequate control of signature stamps/plates; (d) Assure adequate control of negotiable instruments; and (e) Implement procedures to insure that account balance is solvent and reconcile the account monthly.

Appears in 1 contract

Samples: Contract

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