PAYMENT AND FEE SCHEDULE Sample Clauses
The Payment and Fee Schedule clause defines the timing, amounts, and methods by which payments are to be made under the agreement. It typically outlines when invoices will be issued, the due dates for payment, and any applicable late fees or penalties for delayed payments. This clause ensures both parties have a clear understanding of financial obligations, reducing the risk of disputes over payment terms and helping to maintain a predictable cash flow.
PAYMENT AND FEE SCHEDULE. The County shall pay the Contractor for services furnished under this Agreement, and the Contractor shall accept as full payment for those services the sum of: [insert total amount of contract]
4.1. Payment pursuant to this Agreement, whether in full or in part, is subject to and contingent upon the continuing availability of County funds for the purposes hereof. In the event that funds become unavailable, as determined by the County, the County may immediately terminate this Agreement or amend it accordingly.
PAYMENT AND FEE SCHEDULE. 5.1. The County shall pay the Contractor for services furnished under this Agreement, and the Contractor shall accept as full payment for those services, the sum of one hundred seventy thousand sixty dollars and thirty four cents ($170,060.34).
5.2. The Contractor shall maintain hourly records of time worked by its personnel to support any audits the County may require, and shall ▇▇▇▇ the County monthly for costs accrued during the preceding month. Payments on these ▇▇▇▇▇▇▇▇ will be subject to estimates prepared by the Project Manager of the value of work performed and materials delivered and materials placed in accordance with the specifications. Upon submission of such ▇▇▇▇▇▇▇▇ to the County and approval by the Project Manager, payment shall be issued. It is understood and agreed that the County may require a maximum of thirty-one (31) days to process payment after receiving billing in proper the form.
5.3. The County may deduct money from the partial payments in an amount necessary to protect the interests of the County, and is dependent upon the following:
5.3.1. If the Agreement is for one hundred fifty thousand dollars ($150,000) or more, the County shall withhold five percent (5%) of monthly partial payments until the contract is completed satisfactorily and finally accepted by the County. For Agreements less than one hundred fifty thousand dollars ($150,000), the County may withhold more than five percent (5%).
5.3.2. All money withheld pursuant to this section shall be retained by the County no more than thirty (30) days after the project has been completed to satisfaction and has been finally accepted by the County. If the County finds that satisfactory progress is being made in all phases of the Agreement, the County may, upon written request of the Contractor, authorize payment from the withheld percentage. Before such payment is made, the County shall determine that satisfactory and substantial reasons exist for the payment, and shall require written approval from any surety furnishing bonds for the work performed under the terms of this Agreement.
PAYMENT AND FEE SCHEDULE. Contractor shall be compensated for the performance of assigned services as follows:
PAYMENT AND FEE SCHEDULE. It is understood and agreed by and between the parties hereto, that the County shall pay the Consultant for services furnished, and the Consultant shall accept 12 consecutive payments of $2,100.00 per month, full payment not to exceed $25,200 for such services. Invoices shall be submitted by the Consultant to the County on a monthly basis for services performed and expenses incurred pursuant to this Contract during the prior month.
PAYMENT AND FEE SCHEDULE. Invoices for CONSULTANT’s services shall be submitted, at CONSULTANT’s option, either upon completion of such services or on a monthly basis (unless noted otherwise in the executed Work Order) and are due when rendered. Invoices shall be considered “Past Due” if not paid within 30 days after the invoice date. If the invoice is not paid within 30 days, CONSULTANT may, without waiving any claim or right against the OWNER, and without liability whatsoever to the OWNER, terminate the performance of the service. Unpaid accounts shall be subject to a monthly service charge of 1.5% on the unpaid balance at the sole election of CONSULTANT. In the event any portion or all of an account remains unpaid 90 days after billing, the OWNER shall pay all costs of collection, including attorney’s fees. The CONSULTANT’s Billing Rate Schedule is included in Appendix “A” and apply to those employees of the CONSULTANT who are engaged in providing professional services under this AGREEMENT. Direct expenses (including subconsultants hired by the CONSULTANT) will be invoiced at cost plus 15% to the OWNER. The CONSULTANT stipulates that the labor category billing rates may be revised on an annual basis (i.e., in January) to account for salary adjustments. The OWNER reserves the right to review the proposed annual billing rate adjustments for approval prior to implementation by the CONSULTANT.
PAYMENT AND FEE SCHEDULE. It is understood and agreed by and between the parties hereto that BRETSA shall pay Contractor for the Services and Products, and Contractor shall accept as full payment for such Services and Products, amounts of money computed as follows: