Common use of Fixed Price Milestone Payment Method Clause in Contracts

Fixed Price Milestone Payment Method. Payments shall be made in accordance with the Payable Milestone Schedule of each Project Agreement, provided the designated AOR has verified compliance with the Statement of Work and accomplishment of the stated effort. The Payable Milestone Schedule may be revised as appropriate and deemed necessary by issuance of a bilateral modification to the Project Agreement. Quarterly reviews by the AOR and the CMF will assess the need for revisions to the Payable Milestone Schedule. An acceptable invoice for adjustable fixed price milestone payments is one that (on the invoice or on the Payable Milestone Report): (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; and (iii) lists the milestone cost negotiated and contained in each Project Agreement

Fixed Price Milestone Payment Method. Payments shall be made in accordance with the Payable Milestone Schedule of each Project Agreement, provided the designated AOR has verified compliance with the Statement of Work and accomplishment of the stated effort. The Payable Milestone Schedule may be revised as appropriate and deemed necessary by issuance of a bilateral modification to the Project Agreement. Quarterly reviews by the AOR and the CMF will assess the need for revisions to the Payable Milestone Schedule. An acceptable invoice for adjustable fixed price milestone payments is one that (on the invoice or on the Payable Milestone Report):): ​ (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; and (iii) lists the milestone cost negotiated and contained in each Project AgreementAgreement ​