PAYMENT & FEES. a. Payment. Firm must submit bills for compensation for services or expenses in sufficient detail for a pre-and post-audit. Firm is responsible for any taxes due under this Agreement. University will make within 30 days of receipt of a proper invoice. If University does not issue payment within 30 days of receipt of a proper invoice, University will pay to Firm, an interest penalty at the rate established pursuant to section 55.03(1) Florida Statutes, if the interest exceeds $1.00. Contractors experiencing payment problems may contact the Vendor Ombudsman at (863) 874- 8402. University may make payment to Firm via the University’s EFT/ACH payment process. Firm must provide the necessary information to University upon request.
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