Payment and Payment Procedures Clause Samples
The Payment and Payment Procedures clause defines how and when payments are to be made under the agreement. It typically outlines the schedule of payments, acceptable methods of payment, invoicing requirements, and any conditions that must be met before payment is due, such as delivery of goods or completion of services. By clearly specifying these procedures, the clause helps prevent disputes over payment timing and methods, ensuring both parties understand their financial obligations and reducing the risk of late or missed payments.
Payment and Payment Procedures. St. ▇▇▇▇▇▇▇ agrees to pay Contractor for the Services requested and authorized by St. ▇▇▇▇▇▇▇ as follows:
a. Flat Fee Payment. Services will be provided at the flat fee of $ for the services listed in section 2. Please list the appropriate: Cost Center: Spending Account: Independent Contractor needs to submit a completed W-9 along with this agreement.
Payment and Payment Procedures. Each work order will define a payment schedule. Final payment of a work order shall be no less than 25% of the total work order, and final payment shall not be made until the Project Manager has fully accepted the work. Contractor shall only invoice upon the City’s approval of the deliverable. Once the City has received and approved the invoice, the City will provide payment within thirty (30) days. The aggregate amount set forth in the Work Order represents the full and final amount to be paid by the City for all services rendered and for all investigation, analysis, design, and supervision performed, and all labor, supplies, materials, equipment or use thereof provided, and for all other expenses incurred and incidentals necessary to complete the work. The City shall not be obligated to pay any other compensation, fees, charges, prices, or costs, nor shall Contractor charge any additional compensation for completing the work order of the Statement of Work. All costs invoiced to the City, shall be associated with an active and open work order. Invoices for work performed under this Contract shall be submitted, in writing to the City’s Project Manager. In addition to agreed-upon charges, invoices shall include such information as is necessary for the City to determine the exact nature of all expenditures and shall reference this Contract. Additional payment terms or invoice instructions may be mutually agreed upon by the City and the Contractor. City acceptance of the Work shall only occur by formal written notice to that effect.
Payment and Payment Procedures. A. For the full and satisfactory performance by CARRIER of all services required by this contract and following the submission of any and all of the documentation required by this agreement the COUNTY shall pay the CARRIER an amount not to exceed the following:
Zone 1: (Children needing transportation to service providers in Owego (Tioga County), ▇▇▇▇▇▇ County and Cortland County. This primarily includes children found within the Newark Valley, Owego-Apalachin and Tioga Central School districts but is not limited to children in these three school districts.) The unit price per child one way to or one way from an authorized service provider: .
Zone 2: (Children needing transportation to service providers located in Waverly and ▇▇▇▇▇▇▇ (Tioga County), Chemung County and ▇▇▇▇▇▇▇▇ County. This primarily includes children found within the Waverly, Candor, ▇▇▇▇▇▇▇-▇▇▇ ▇▇▇▇▇ and Tioga Central School districts but is not limited to these four school districts.) The unit price per child one way to or one way from authorized service provider: .
B. CARRIER billing is to occur monthly and be itemized to show the names of passengers carried, the program (Early Intervention or Preschool Handicapped Children), dates of service and charges per passenger trip.
C. The Director of the COUNTY’S Public Health Department reserves the right to make advance payments, and if any advance payments are made, they will be reconciled with the next monthly billing, and the amount advanced shall be deducted from the monthly billing amount. The Director of the COUNTY’S Public Health Department reserves the right to withhold payment to the CARRIER for failure to comply with contract obligations.
Payment and Payment Procedures. The City shall pay the Consultant the sum of ($ ) Dollars for performance of the services to be provided pursuant to this Agreement. Upon completion of the work to be done for each payment, the Consultant shall send to the City an invoice documenting the work done and the dates when such work was performed. Payment of the above sum shall constitute full and complete compensation for the services hereunder. There shall be no additional compensation or reimbursement for out-of-pocket or other expenses, including without limitation employee benefits, incurred by the Consultant in connection with the performance of the services under this Agreement unless mutually agreed to in writing by the Parties. Payments shall be made within thirty (30) days of the City’s approval of invoices submitted by the Consultant. In the event that the City terminates this Agreement prior to the completion of all work to be performed under this Agreement, the Consultant shall only be entitled to compensation in accordance with the provisions of Section 6 or Section 7 below, whichever is applicable.
Payment and Payment Procedures. Each work order will define a payment schedule which schedule shall provide for a holdback of not less than 25% of the total payment due under the work order. The Contractor shall invoice and the City shall make all payments in accordance with such payment schedule. The holdback amount shall be paid after the Telecommunications Engineer has fully accepted the work. Allowed travel and living expenses incurred in performing a work order and approved by the City’s Telecommunications Engineer will be reimbursed by the City at cost when supported by copies of receipts and Contractor’s invoices. Allowed travel and living expenses include coach airfare, transportation between Seatac Airport and downtown Seattle, and lodging and meals at rates in the current Runzheimer Index. No other travel and living expenses shall be allowed. Invoices shall be sent to the City’s Telecommunications Engineer. Invoices shall be paid according to the Contractor’s offered early payment discount term of 2% 15 days, net 30 days. The payment period shall be computed from either the date of delivery goods order, the completion and acceptance of milestones for services, or the date of receipt of a correct invoice, whichever date is later.
Payment and Payment Procedures