Estimate and Payment Clause Samples
The "Estimate and Payment" clause defines how cost estimates are provided and how payments are to be made under the agreement. Typically, it outlines the process for submitting estimates for work or services, the approval of those estimates by the client, and the schedule or method for making payments based on those estimates. For example, it may require the contractor to submit a detailed estimate before beginning work and specify that payments will be made in installments as milestones are reached. This clause ensures both parties have a clear understanding of financial expectations, reducing the risk of disputes over costs and payment timing.
Estimate and Payment. (a) The Landlord shall deliver to the Tenant a written estimate or a written revised estimate of:(i) Tenant's Occupancy Costs for each Fiscal Year; and (ii) Tenant's Proportionate Share of those Taxes that are imposed against the Project or any part of it including the Common elements. The Tenant shall pay to the Landlord the amount so estimated in equal monthly instalments (except as otherwise required in this Section 4.06 with respect to Property Taxes) in advance over that Fiscal Year simultaneously with the Tenant's payments on account of Basic Rent. If the Landlord does not deliver to the Tenant such an estimate, the Tenant shall continue to pay Tenant's Occupancy Costs and Tenant's Proportionate Share of Taxes based on the last such estimate delivered by the Landlord until a further estimate is delivered by the Landlord and the next payment on account of Tenant's Occupancy Costs or Taxes shall be adjusted to take into account any over or under payment in the preceding instalments paid in the Fiscal Year to which the estimate or revised estimate relates. Notwithstanding the foregoing, as soon as bills for all or any portion of amounts included in Operating Costs (including, without limitation, Taxes) as so estimated are received, the landlord may bill the Tenant for the Tenant's Proportionate Share thereof and the Tenant shall pay the Landlord such amounts so billed (less all amounts previously paid on account by the Tenant on the basis of the Landlord's estimate as aforesaid) as Rent within 5 days following demand therefore.
(b) Within a reasonable time after the date in each calendar year when the final instalment of Property Taxes is due in respect of commercial properties generally in the municipality in which the Project is located (the "Final Payment Date"), the Landlord shall deliver a statement (the "Tax Statement") to the Tenant that (I) specifies the Tenant's Proportionate Share of Taxes for the Property Tax Year and (ii) sets out the total (the "Prepayment Total") of amounts payable under this Section 4.06(b) that have been paid by the Tenant between the final Payment Date in the previous Property Tax Year and the Final Payment Date of the current Property Tax Year. If the Prepayment Total, less anyE amounts that were previously credited to the Tenant, and any amounts paid for arrears in respect of previous Property Tax Years, (the "Net Prepayment Total") is less than the Tenant's Proportionate Share of Taxes specified in the Tax Statement,...
Estimate and Payment. 6.1 At PLCH’s sole discretion, the Estimated Price shall be:
(a) as indicated on any Quotation provided by PLCH to the Customer;
(b) unless specifically stated in writing by PLCH, exclusive of any freight charges or other costs; and
(c) unless otherwise stated in the Quotation, the Estimated Price will include packing in accordance with PLCH’s standard practice. Any other specific packing and marking requirements will not otherwise be included in the Quotation and will be charged in addition to the Estimated Price.
6.2 PLCH will charge the Customer a Delivery charge per order, charged at the rate applicable at the time of Delivery, on all orders that are delivered to a Customer’s Premises, or as directed by the Customer, which will be shown as a separate item on all Quotations and Invoices.
6.3 PLCH reserves the right to vary the Quotation and the Customer acknowledges the following:
(a) subject to clause 2.2, the Estimated Price is subject to change and all orders are accepted by PLCH on the condition that they will be invoiced at the prices applying at the date of dispatch of the Goods from PLCH’s premises;
(b) if the price of Goods changes in accordance with clause 6.3(a), following PLCH’s receipt of a Purchaser Order or the Customer’s request to re-validate a Quotation, PLCH will notify the Customer of any variation to the Quotation. The Customer may then request a new Quotation or vary their Purchaser Order;
(c) Goods are sold on an ex-warehouse/ex-works basis and unless specified otherwise, prices do not include any transport costs and will be separately noted on the Quotation Where the Customer requires freight to be prepaid, all expenses will be added to the Customer’s account, at cost;
(d) all prices shown in any of PLCH’s publications including price lists, brochures, catalogues, electronic media, and other advertising material are recommended selling prices only and there is no obligation on the part of any re-seller to maintain the same prices;
(e) Goods that are quoted as ‘ex-stock’ are subject to prior sale and any delivery time quoted is made without commitment;
(f) all price lists and Quotations are issued in accordance with clause 2;
(g) time and material services will be provided in accordance with PLCH’s published service rates (including applicable overtime and travel expenses) in effect as of the date such Goods are provided unless otherwise confirmed by PLCH’s Quotation or order acknowledgement; and
(h) billable service time includes ...
Estimate and Payment. Within thirty (30) days of the approval of the Operating Budget and in any event within sixty (60) days of the commencement of each Fiscal Year, the City shall advise the College and the School Division in writing of its estimate of the Proportionate Share of the Operating Costs of the Shared Areas payable by the College and School Division during the then current Fiscal Year or remaining portion thereof. Such estimate shall be a reasonable estimate and based upon the City billing accrual proportional expense in accordance with Schedule ‘C’. The Proportionate Share of the Operating Costs shall be paid in full within 60 days of written notice of the Proportionate Share of Operating Costs from the City. From time to time the City, subject to approval of the Governance Committee, may re-estimate, on a reasonable basis, the amount of Operating Costs for any Fiscal Year or portion thereof. All adjustments will then be used to recalculate new payment amounts for the remainder of the Fiscal Year.