Early Payment Discount. The City of Houston’s standard payment term is to pay 30 days after receipt of invoice or receipt of goods or services, whichever is later, according to the requirements of the Texas Prompt Payment Act (Tex. Gov’t Code, Ch. 2251). However, the City will pay in less than 30 days in return for an early payment discount from Contractor as follows: Payment Time - 10 Days: 2% Discount Payment Time - 20 Days: 1% Discount
Appears in 93 contracts
Samples: Security Guard Services Agreement, Contract for Services, Agreement for the Child and Adult Care After School Food Service Program
Early Payment Discount. The City of Houston’s standard payment term is to pay 30 days after receipt of invoice or receipt of goods or services, whichever is later, according to the requirements of the Texas Prompt Payment Act (Tex. Gov’t Code, Ch. 2251). However, the City will pay in less than 30 days in return for an early payment discount from Contractor Agency as follows: Payment Time - 10 Days: 2% Discount Payment Time - 20 Days: 1% Discount
Appears in 2 contracts
Samples: Contingent Workforce Services Agreement, Contingent Workforce Services Agreement
Early Payment Discount. The City of Houston’s standard payment term is to pay 30 days after receipt of invoice or receipt of goods or services, whichever is later, according to the requirements of the Texas Prompt Payment Act (Tex. Gov’t Code, Ch. 2251). However, the City will pay in less than 30 days in return for an early payment discount from Contractor Consultant as follows: Payment Time - 10 Days: 2% Discount Payment Time - 20 Days: 1% Discount
Appears in 2 contracts
Samples: Agreement for Executive Program Management Services, Disaster Recovery and Consulting Services Agreement
Early Payment Discount. The City of Houston’s standard payment term is to pay 30 days after receipt of invoice or receipt of goods or services, whichever is later, according to the requirements of the Texas Prompt Payment Act (Tex. Gov’t Code, Ch. 2251). However, the City will pay in less than 30 days in return for an early payment discount from Contractor Auditor as follows: Payment Time - 10 Days: 2% Discount Payment Time - 20 Days: 1% Discount
Appears in 1 contract
