Payment upon Completion. 17.7.1 Following the expiry or termination of the Contract, the Contractor shall prepare and submit to the Corporation within 30 (thirty) days a statement in the form of a final account, specifying the outstanding amounts which the Contractor intends to invoice to the Corporation for payments due to the Contractor in accordance with the provisions of this Clause 17 (Payment). The Contractor shall submit to the Corporation its final invoice in respect of such statement within 60 (sixty) days of the date of the expiry or termination of the Contract and shall confirm in writing to the Corporation that such invoice constitutes the final demand for all outstanding sums due to the Contractor under the Contract. The Contractor acknowledges that one the Final Bill has been submitted, it shall have no other/further claim(s) whatsoever under the Contract and the said other/further claim(s) shall be deemed to have been waived and extinguished.
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