Payment Mechanisms Sample Clauses

Payment Mechanisms. The FIDIC agreement describes a structured remuneration system, often based on stages of work finalization. This guarantees equitable compensation for the consultant while shielding the client's rights. Backup plans for unanticipated events are also typically included.

Payment Mechanisms. 44.1 The Partners acknowledge responsibility for paying all sums due to Providers, in compliance with contract terms. 44.2 The Partners will agree arrangements for making payments to Providers, such that Providers are not affected by any changes to the structure of commissioning from the Integrated Commissioning Fund. 44.3 The design of payment mechanism will ensure that the Integrated Commissioning Fund structure delivers the full process of receipt of invoice, confirmation of service delivery and standards compliance, confirming amount due to invoice amount, instructing payment. 44.4 Providers will not be affected adversely by any specific rules that apply to certain services managed through the Integrated Commissioning Fund. 44.5 Any specific arrangements for LG and NHS to comply with will be identified and addressed, as necessary.

Payment Mechanisms. 6.3.1 The Partners acknowledge responsibility for paying all sums due to Providers, in compliance with contract terms and statutory payment to supplier targets. 6.3.2 The Partners will agree arrangements for making payments to Providers, such that Providers do not experience any changes by the creation of the Integrated Commissioning Fund. 6.3.3 The design of payment mechanisms will ensure that the Integrated Commissioning Fund structure delivers the full process of receipt of invoice, confirmation of service delivery and standards compliance, confirming amount due to invoice amount, instructing payment, in line with the financial and contractual procedure rules of both the Council and the CCG.

Payment Mechanisms. Both Option (1) and Option (2) of Article VI.B.1. offer the sponsor four mechanisms from which to choose in deciding how to provide its required monetary contribution to the Government. The sponsor should indicate its choice during the course of negotiating the agreement. However, the sponsor may use any of the methods or a combination of them, during the life of the agreement in accordance with guidance governing the use of electronic funds transfers, escrow agreements, and irrevocable letters of credit. Do not delete any of the four mechanisms.

Payment Mechanisms. The FIDIC agreement details a organized compensation system, often based on steps of project completion. This ensures just payment for the consultant while shielding the client's interests. Backup plans for unanticipated situations are also typically included. Liability and Risk Allocation: The agreement clearly defines liability for various hazards associated with the project. This is a crucial aspect, as it safeguards both parties from excessive economic exposure. Dispute Resolution: The FIDIC contract incorporates a detailed conflict settlement mechanism, often involving mediation before reverting to litigation action. This encourages a efficient and budget- friendly solution of conflicts.

Payment Mechanisms. The FIDIC agreement describes a systematic compensation system, often based on steps of task finalization. This guarantees fair payment for the consultant while protecting the client's interests. Emergency plans for unexpected circumstances are also typically included. Liability and Risk Allocation: The agreement clearly defines liability for various risks connected with the endeavor. This is a crucial aspect, as it protects both parties from unnecessary financial liability. Dispute Resolution: The FIDIC contract includes a thorough difference resolution mechanism, often involving arbitration before turning to court proceedings. This promotes a swift and budget-friendly resolution of disputes. Practical Benefits and Implementation Strategies:

Payment Mechanisms. The FIDIC agreement details a structured payment system, often based on steps of task completion. This guarantees just remuneration for the consultant while shielding the client's rights. Contingency plans for unanticipated events are also typically included. Liability and Risk Allocation: The agreement unequivocally defines liability for various dangers associated with the undertaking. This is a essential aspect, as it ▇▇▇▇▇▇▇ both parties from unnecessary economic exposure. Dispute Resolution: The FIDIC contract contains a comprehensive dispute management process, often involving arbitration before reverting to litigation action. This promotes a swift and cost-effective settlement of differences.

Payment Mechanisms. Payment will be made by either cheque or BACS at the discretion of the NPA.

Payment Mechanisms. 7.1 Clause 10.27 shall be deleted and replaced by a new clause 10.27A ‘Payroll information regarding the Council mental health staff activity and pay will be made available to the PCT by the end of the calendar month.’ 7.2 There will be a new Clause 10.37 ‘Payroll information regarding the PCT learning disability staff activity and pay will be made available to the council by the end of the calendar month.’ 7.3 Clause 10.28 shall be deleted and replaced by a new clause 10.28A ‘The Council will invoice the PCT mid month (on 15th of the month or the next working day) for costs of salaries and other related expenditure for mental health staff incurred in the course of the previous month.’ 7.4 There will be a new Clause 10.38 ‘The PCT will invoice the Council mid month (on 15th of the month or the next working day) for the costs of salaries and other related expenditure for learning disability staff incurred in the course of the previous month.’ 7.5 Clause 10.29 shall be deleted and replaced by a new clause 10.29A ‘The PCT will raise an invoice monthly, on the last working day of the month, to the Council for the monthly contribution to the Mental Health Pooled Budgets.’ 7.6 There will be a new Clause 10.39 ‘The Council will raise an invoice monthly, on the last working day of the month, to the PCT for the monthly contribution to the Learning Disabilities Pooled Budgets.’ 7.7 There will be a new clause 10.40 ‘The budget manager of the receiving organisation for the pooled budget with guidance from finance colleagues will be responsible for ens uring any grant conditions are met. Where the Lead Provider is not the receiving organisation the Lead Provider shall be responsible for providing full details of the grant conditions to the receiving organisation.’ 7.8 Clause 11.11 shall be deleted and replaced by a new clause 11.11A ‘Any new posts funded through the Mental Health Pooled Budgets, or the Learning Disability Pooled Budgets will be supported by an additional financial investment of a suitable value to match incurred costs, by the employing Partner and will have been subject to an agreed process, whereby partners jointly identify and agree the need for the posts .’ 7.9 Clause 13.1 shall be deleted and replaced by a new clause 13.1A ‘The Partners will use the PCT risk management structures in relation to management of risk in Mental Health Services. An analysis of risk has been undertaken jointly and this will be monitored quarterly through the PCT Risk Mana...