Common use of DURATION AND PAYMENT MODALITY Clause in Contracts

DURATION AND PAYMENT MODALITY. The successful Company will be invited to sign a single service provider framework agreement per each Lot defining the terms and conditions for placing call off orders. The duration of the framework agreement will be 1 (one) year with the possibility of being renewed after a successful evaluation. Payments under the call off orders will be executed on order basis upon receipt and confirmation of the draft master invoice. Submitted offers as well as pertinent invoices under the call off orders have to be on a break-down list for each offered service including the Company fee(s). RYCO retains the right to terminate the contract with the prospective selected Company at any time if the Company charges RYCO at higher rates than local market standards, or does not render minimum services as described in the tendering documents. SERVICE PROVIDER PROFILE The service provider should:

DURATION AND PAYMENT MODALITY. The successful Company will be invited to sign a single service provider framework agreement per each Lot defining the terms and conditions for placing call off orders. The duration of the framework agreement will be 1 (one) year with the possibility of being renewed after a successful evaluation. Payments under the call off orders will be executed on order basis upon receipt and confirmation of the draft master invoice. Submitted offers as well as pertinent invoices under the call off orders have to be on a break-down list for each offered service including the Company fee(s). RYCO retains the right to terminate the contract with the prospective selected Company at any time if the Company charges RYCO at higher rates than local market standards, or does not render minimum services as described in the tendering documents. SERVICE PROVIDER PROFILE The service provider should:.