Common use of Payment Schedule for Phase I Clause in Contracts

Payment Schedule for Phase I. Payments will be made in accordance with the following schedule. ARPA-E will not make payment for work accomplished more than 90 days prior to this award’s effective date. Upon execution of award, the Prime Recipient may request payment up to twenty percent (20%) of ARPA-E’s maximum obligation for Phase I stated in Clause 25. After each full quarter, and subject to ARPA-E’s acceptance of the Quarterly Research Performance Progress Report in accordance with Attachment 4, the Prime Recipient may request payment up to twenty percent (20%) of ARPA-E’s maximum obligation for Phase I stated in Clause 25. (For example, for a start date of October 1, the first full quarter ends December 31. The Quarterly Research Performance Progress Report is due January 15. Therefore, upon ARPA-E’s acceptance of the January 15th Quarterly Research Performance Progress Report, the Prime Recipient may request payment up to 20% of ARPA-E’s maximum obligation for Phase I stated in Clause 25.) At the end of Phase I, and subject to ARPA-E’s receipt of the Certification of Completion of project milestones, SBIR/STTR Lifecycle Certification Form, and one-page progress report detailed in Clause 34, the Prime Recipient may request payment up to the balance of ARPA-E’s maximum obligation for Phase I stated in Clause 25.