Invoicing and Payments to Subcontractors Sample Clauses

Invoicing and Payments to Subcontractors. The amount payable to a Subcontractor in relation to a Work Order issued in response to a Quotation will be as set out in the Quotation and the Work Order (as may be varied in accordance with the Agreement). The Work Order will set out the SOR IDs applicable to the Services required to be performed under the Work Order as well as the quantity (or volume) of each of the units of measurement required to be performed. Tandem’s payment and invoicing process is linked to the WMS. As such, the work details in the Work Order issued via the WMS (including the SOR IDs and quantity/volume of each unit of measure for the SOR ID), the SOR ID/s and quantity/volume of each unit of measures of the SOR ID confirmed in the WMS by Subcontractor Representatives when they indicate the Services are Completed as well as details of Prime Cost Items (including invoices) entered in to the WMS effectively perform the record-keeping and billing function for each and every Work Order that a Subcontractor performs. The Subcontractor must ensure that Subcontractor Representatives review and confirm the SOR ID/s and volumes/quantifies for each SOR ID in the WMS in relation to Services Completed for a Work Order and upload the required documentation in relation to Prime Cost Items. At the end of each week, the confirmed SOR IDs for each Work Order Completed in that week are used to ensure that the corresponding Rate/s is/are allocated to the Work Order. This is the mechanism that calculates payment to the Subcontractor. Consequently, at all times, the Subcontractor must meet the payment processes summarised above (and detailed within the Agreement) to facilitate prompt payment. RCTIs will be generated on a weekly basis for each Work Order Completed in that week. Payments to the Subcontractor will be made by Tandem within 7 days of RCTI generation. Work Order Closed in WMS (Fri – Thurs) RCTI Generated (For work completed from the previous Fri to Thurs) Payment Processed (7 Days from RCTI Generation) Week 1 Fri Week 1 Work Orders Sat Sun Mon Tue Wed Thu Week 2 Fri Week 2 Work Orders Week 1 RCTI Sat Sun Mon Tue Wed Thu Week 3 Fri Week 3 Orders Week 2 RCTI Week 1 Payment Sat Sun Mon Tue Wed Thu Fri Week 3 RCTI Week 2 Payment Each SOR ID referred to in the SOR is described in more detail in Schedule 1 to this Field Operations Manual. The Subcontractor must monitor and validate its activities in respect of the Services via the WMS and or other agreed processes. In order to reduce inaccuracies ...
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Related to Invoicing and Payments to Subcontractors

  • Payments to Subcontractors Develop and implement a procedure for the review, processing and payment of applications by subcontractors for progress and final payments.

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