Invoicing and Payments. II.4.1 Pre-financing:
Invoicing and Payments. 1. Beginning three (3) months after the Project Start Date identified in Exhibit B, and every three (3) months thereafter during the term of this PFA, Sub-recipient shall submit to WRF a detailed invoice itemizing the Expenses incurred by Sub-recipient in the three (3) months prior to the invoice date in the performance of the Project and identifying all Cost Share and third-party in- kind contributions as well as the contributing parties. The invoice shall be sent to the Project Coordinator with a copy to the Research Program Manager.
2. Each invoice shall reference the line items in Exhibit B, and be in the form required in the link provided on Exhibit D. Only Expenses actually incurred by Sub-recipient, in accordance with the Code, may be invoiced under this PFA.
3. WRF will disburse Project Funds based upon Sub-recipient timely submitting Deliverables meeting the requirements of this PFA. No portion of the Project Funds will be disbursed unless and until WRF receives, approves, and accepts each corresponding invoice and Deliverable. If WRF approves and accepts the invoices and Deliverables, Sub-recipient will be paid as follows:
(a) The ten percent (10%) advance payment must be shown on all invoices, including the final invoice, as an advance payment received by Sub-recipient. Subject to the hold back provision below, invoices will be paid to the extent Expenses incurred exceed the advance payment.
(b) Regardless of the actual amounts invoiced, WRF will at all times during this PFA hold back twenty percent (20%) of the Project Funds and will only disburse same as follows: Ten percent (10%) of the Project Funds will be disbursed to Sub-recipient when WRF receives and accepts the Draft Report. The remaining held back ten percent (10%) of the Project Funds will be disbursed to Sub-recipient after Sub-recipient has completely and adequately responded to all of WRF’s queries on the Final Report, has made all revisions reasonably requested by WRF to finalize the Final Report, submitted a final invoice, and Assignment of Copyright, a form of which is attached in Exhibit E, executed by all those who prepared or contributed to Work Product under this PFA.
(c) No conditions, notations, acknowledgements, comments, or terms other than the items required to be included and itemized on Sub-recipient’s invoice shall be binding on WRF.
(d) WRF may deduct amounts or withhold payments if Sub-recipient fails to comply with any requirement in this PFA.
Invoicing and Payments. A. For any Job Order less than $10,000 for which the completion date is scheduled for less than one month (30 calendar days) from issuance of the Job Order, HISD shall make only one payment upon final completion and approval of the Work by HISD. HISD shall make progress payments monthly as the Work proceeds on all other Job Orders, or at more frequent intervals as may be determined by the HISD Issuing Authority, on estimates of construction progress approved by the HISD General Manager and the HISD Issuing Authority. The Contractor shall furnish a breakdown of the total Job Order price showing the amount included therein for each principal category of the Work, in such detail as requested, to provide a basis for determining progress payments. In the preparation of estimates the HISD Issuing Authority may authorize progress payments for material delivered on the site and preparatory Work done to be taken into consideration if:
1. Consideration is specifically authorized by this Contract:
2. The Contractor furnishes evidence satisfactory to HISD that he has acquired title to such material and that the material will be used to perform this Contract; and.
3. The Contractor furnishes evidence satisfactory to HISD that title to such material has passed to him.
4. The Contractor does not remove the materials from the site once paid for by HISD.
B. In making progress payments, there shall be retained five percent (5%) of the estimated amount until final completion and acceptance of the Job Order by HISD. When the Work is substantially complete, the HISD Issuing Authority shall retain an amount that the HISD Issuing Authority considers adequate protection of HISD and may release to the Contractor all or a portion of any excess amount.
C. All material and Work covered by progress payments made shall, at the time of payment, become the sole property of HISD, but this provision shall not be construed as:
1. Relieving the Contractor from the sole responsibility for loss of or damage to all such material and Work upon which payments have been made or the restoration of any damaged Work; or
2. Waiving the right of HISD to require the fulfillment of all of the terms of this Contract.
D. HISD shall pay the retained amount due the Contractor under this Contract after:
Invoicing and Payments a) Pre-financing: Where required by Article I.4.1 or by the Order issued, the Contractor shall provide a financial guarantee in the form of a bank guarantee or equivalent supplied by a bank or an authorised financial institution (guarantor) equal to the amount indicated in the same Article to cover pre-financing under the Contract. Such guarantee may be replaced by a joint and several guarantee by a third party. The guarantor shall pay to the Agency at its request an amount corresponding to payments made by it to the Contractor which have not yet been covered by equivalent delivery of goods or execution of related services on his part. The guarantor shall stand as first-call guarantor and shall not require the Agency to have recourse against the principal debtor (the Contractor). The guarantee shall specify that it enters into force at the latest on the date on which the Contractor receives the pre-financing. The Agency shall release the guarantor from its obligations as soon as the Contractor has demonstrated that any pre-financing has been covered by equivalent delivery of goods or execution of related services. The guarantee shall be retained until the pre-financing has been deducted from payment of the balance. It shall be released the following month. The cost of providing such guarantee shall be borne by the Contractor.
Invoicing and Payments. Invoicing and payments shall be the responsibility of the vendor and purchaser placing orders using this contract. Vendors must invoice each purchaser independently. A purchaser has three (3) working days to inspect and accept the vehicles or equipment. The vendor shall be paid upon submission of invoices to the Purchaser after satisfacory delivery and acceptance of the vehicles and/or equipment. The Local Government Prompt Payment Act will apply to ensure timely payment of Vendor invoices. The Local Government Prompt Payment Act is defined in Sections 218.70–218.79 of Florida Statutes.
Invoicing and Payments. In return for you carrying out your obligations under this Contract, we will pay you the Charges. The Charges will be as set out in any Purchase Order, or if not set out in the Purchase Order, then as set out in Schedule 3 (Charges) however we will be entitled to any discount for prompt payment, bulk purchase or volume of purchase which you would usually give to any other customer of yours, whether or not this is shown on the Purchase Order. We will pay you the Charges in arrears. We will consider and verify any invoices submitted by you promptly and in any event within 7 (seven) calendar days and will pay undisputed invoices within 30 (thirty) calendar days of the date on which they are regarded as valid and undisputed. Any invoice you send to us must quote the number of the Purchase Order on the invoice otherwise we will not pay the invoice. The Charges include all materials, equipment, packaging, insurance, storage and delivery to the Delivery Address and you will not charge us for any extra costs or expenses whatsoever unless they are agreed in advance with our Contract Manager. The Charges include all other taxes and levies but do not include VAT. If VAT is due, we will pay this in addition to the Charges, as long as you provide us with a correct VAT invoice. The Charges will not be varied in any way while this Contract is in force unless we agree in writing to a different price for the Goods and Services. If we have not paid you the Charges within 30 Working Days of the due date for payment, you may charge us interest on the amount of any late payment (unless we and you disagree with the unpaid amount). The interest will be calculated daily, from the date we should have paid the Charges to the date when we actually make the payment. The interest rate that will apply will be 4% over the Bank of England base rate. If any query about mistakes in the Charges cannot be settled within 20 Working Days of either of us raising the query, either one of us may ask for the disagreement to be dealt with under clause 25 and an appropriate adjustment to the Charges will be made once the disagreement is settled or decided. The charges shall be reviewed on each Review Date and adjusted appropriately. No later than 90 days before the Review Date, you (acting reasonably) shall provide us with your proposals for an adjustment (if any) in the charges for the next year of the contract, the adjustment shall not exceed CPI for the relevant period.
Invoicing and Payments. Professional shall prepare invoices in accordance with its standard invoicing practices and submit the invoice(s) to Client on a monthly basis. Client agrees to timely pay each invoice within 30 days of the invoice date.
10.1. Payments not paid within said 30 days shall accrue interest on unpaid balances at the rate of 1.5% per month (or the maximum rate of interest permitted by law, if less) from said 30th day. In addition, Professional may, after giving 7 days written notice to Client, suspend services under this Agreement until Professional has been paid in full for Services, interest, expenses and other related charges rendered, accrued, advanced and/or incurred by Professional to the date of suspension. Client waives any and all claims against Professional arising out of or resulting from said suspension. Payments will be credited first to accrued interest and then to unpaid principal.
10.2. In the event legal action is necessary to enforce the payment terms of this Agreement, Professional shall be entitled to collect from Client and Client agrees to pay to Professional any judgment or settlement sum(s) due, plus reasonable attorneys’ fees, court costs and other expenses incurred by Professional for such collection action and, in addition, the reasonable value of the Professional’s time and expenses spent for such collection action, computed according to the Professional’s prevailing fee schedule and expense policy. The formal mediation requirements in Paragraph 17, Dispute Resolution, shall not apply and are hereby waived for purposes of this subparagraph 10.2.
Invoicing and Payments. The charges for the equipment, software or services covered by this Agreement are specified in the attached Exhibit A. Charges for any partial month for any item of equipment shall be prorated based on a thirty (30) day month. Vendor shall submit an invoice with the appropriate documentation to Customer.
Invoicing and Payments. Invoicing and payment shall be made in accordance with the terms set forth in Appendix B, Contract Invoicing and Prevailing Wage Rates – Public Works and Building Services Contracts. Invoices shall be submitted monthly. Invoices must include, at a minimum, the following information:
1. Contractor Name
2. Contractor Billing Address
3. Contractor Federal ID Number
4. NYS Vendor ID Number
5. Account Number
6. NYS Contract Number
7. Name of Authorized User indicated on the Purchase Order 8. NYS Agency Unit ID (if applicable) 9. Authorized User’s Purchase Order Number
Invoicing and Payments. 7.1 The Partner undertakes to issue valid cash register’s receipts for the Goods Price, and in case the delivery services are provided by the Partner, for the Delivery Fee and (where applicable) for the Small Order Fee. The issued cash register’s receipts are transported to the Client together with the Goods. Bolt shall prepare and issue to the Client informational receipt for the Goods Price, and in case the delivery services are provided by the Partner, for the Delivery Fee and (where applicable) Small Order Fee, on behalf of the Partner. Bolt, acting as an agent of the Partner, shall accept the Client’s payment for cash register’s receipts on behalf of the Partner. The payment obligation of the Client arising from the Sales Agreement and (where applicable) from the Delivery Agreement is deemed to be fulfilled when the payment is credited onto the bank account of Bolt or, as the case may be, when the Client has paid the Goods Price in full to the Courier in cash upon the delivery of the Order or the Client has paid the Goods Price in full to the Partner in case of self pick-up by the Client.
