Common use of Payment and Discounts Clause in Contracts

Payment and Discounts. Payment terms are net thirty (30) days from the date the Goods and Services are accepted by the City or receipt of invoice, whichever is later. Early payment discounts will be calculated from the date the Goods and Services are accepted by the City, or receipt of invoice, whichever is later. Any cash discount periods will be calculated from the date the invoice is received by the City. The City will not be responsible for the payment for any goods supplied or services performed without a PO. Payment of any invoice prior to the supply of the Goods and Services will not be deemed to be an acceptance of the quantity and quality of the Goods and Services as invoiced, or at all.