Common use of Payment Advances Clause in Contracts

Payment Advances. (a) Generally, advances are not allowed. However, if extenuating circumstances exist, the OHMVR Division may consider granting an advance. To request an advance, the Grantee shall submit to the OHMVR Division an Advance Justification Request (New 1/19) and Payment Request DPR 364 (new 2019) (refer to Appendix, incorporated by reference) to explain the need for the advance. The OHMVR Division will provide written notification to the Grantee of approval/disapproval for the advance. Requests for an advance typically may not be more than half the total amount of the Grant and shall include a summary list of proposed Project expenditures. The sum of the proposed Project expenditures shall match the amount indicated on the Payment Request form. (b) Subsequent requests for advances shall document how previous advance funds were expended as follows: (1) Purchases: paid invoices and/or receipts, (2) Services: paid invoices and/or receipts, (3) Timekeeping and equipment logs: transaction register or other electronically generated reports, (4) Training and travel: paid invoices and/or receipts,

Payment Advances. ‌ (a) Generally, advances are not allowed. However, if extenuating circumstances exist, the OHMVR Division may consider granting an advance. To request an advance, the Grantee shall submit to the OHMVR Division an Advance Justification Request (New 1/19) and Payment Request DPR 364 (new 2019) (refer to Appendix, incorporated by reference) to explain the need for the advance. The OHMVR Division will provide written notification to the Grantee of approval/disapproval for the advance. Requests for an advance typically may not be more than half the total amount of the Grant and shall include a summary list of proposed Project expenditures. The sum of the proposed Project expenditures shall match the amount indicated on the Payment Request form. (b) Subsequent requests for advances shall document how previous advance funds were expended as follows: (1) Purchases: paid invoices and/or receipts, (2) Services: paid invoices and/or receipts, (3) Timekeeping and equipment logs: transaction register or other electronically generated reports, (4) Training and travel: paid invoices and/or receipts,