PAYMENTS TO ENGINEER FOR SERVICES. 4.1 Methods of Payment for Services of ENGINEER. 4.1.1 OWNER shall pay ENGINEER for Services performed or furnished under this Agreement or as described in Exhibit A. The amount of any excise, VAT, or gross receipts tax that may be imposed shall be added to the compensation shown in Exhibit A. 4.1.2 Invoices for Services will be prepared in accordance with ENGINEER's standard invoicing practices and will be submitted to OWNER by ENGINEER at least monthly. Invoices are due and payable on receipt. 4.1.3 If OWNER fails to make any payments due Engineer for services and expenses within thirty days after receipt of ENGINEER's invoice therefore, the amounts due ENGINEER will be increased at the rate of 1.0% per month (or the maximum rate of interest permitted by law, if less) from said thirtieth day; and, in addition, ENGINEER may, after giving seven days written notice to OWNER, suspend services under this Agreement until ENGINEER has been paid in full all amounts due for services, expenses and charges. Payments will be credited first to interest and then to principal. In the event of a disputed or contested billing, only that portion so contested may be withheld from payment, and the undisputed portion will be paid. OWNER agrees to pay ENGINEER all costs of collection including but not limited to reasonable attorneys' fees, collection fees and court costs incurred by ENGINEER to collect properly due payments.
Appears in 2 contracts
Samples: Standard Form of Agreement (Grant Hartford Corp), Standard Form of Agreement (Grant Hartford Corp)
PAYMENTS TO ENGINEER FOR SERVICES. 4.1 Methods of Payment for Services of ENGINEER.
4.1.1 OWNER shall pay ENGINEER for Services performed or furnished under this Agreement or as described in Exhibit A. The amount of any excise, VAT, or gross receipts tax that may be imposed shall be added to the compensation shown in Exhibit A.N/A. If after the Effective Date any governmental entity takes a legislative action that imposes additional sales or use taxes on Engineer’s services or compensation under this Agreement, then Engineer may invoice such additional taxes for reimbursement by Owner. Owner shall reimburse Engineer for the cost of such invoiced additional taxes in addition to the compensation to which Engineer is entitled.
4.1.2 Invoices for Services will be prepared in accordance with ENGINEER's ’s standard invoicing practices and will be submitted to OWNER by ENGINEER at least monthly. Invoices Payments are due and payable on receiptwithin 30 days of receipt of invoice.
4.1.3 If OWNER fails to make any payments payment due Engineer ENGINEER for services and expenses within thirty days after receipt of ENGINEER's invoice thereforetherefor, the amounts due ENGINEER will be increased at the rate of 1.0% per month (or the maximum rate of interest permitted by law, if less) from said thirtieth day; and, in addition, ENGINEER may, after giving seven days days' written notice to OWNER, suspend services under this Agreement until ENGINEER has been paid in full all amounts due for services, expenses and charges. Payments will be credited first to interest and then to principal. In the event of a disputed or contested billing, only that portion so contested may be withheld from payment, and the undisputed portion will be paid. OWNER agrees to pay ENGINEER all costs of collection including but not limited to reasonable attorneys' fees, collection fees and court costs incurred by ENGINEER to collect properly due payments.
Appears in 1 contract
Samples: Standard Form of Agreement Between Owner and Engineer
PAYMENTS TO ENGINEER FOR SERVICES. 4.1 Methods of Payment for Services of ENGINEER.
4.1.1 OWNER shall pay ENGINEER for Services performed or furnished under this Agreement or as described in Exhibit A. The amount of any excise, VAT, or gross receipts tax that may be imposed shall be added to the compensation shown in Exhibit A.A. If after the Effective Date any governmental entity takes a legislative action that imposes additional sales or use taxes on Engineer’s services or compensation under this Agreement, then Engineer may invoice such additional taxes for reimbursement by Owner. Owner shall reimburse Engineer for the cost of such invoiced additional taxes in addition to the compensation to which Engineer is entitled.
4.1.2 Invoices for Services will be prepared in accordance with ENGINEER's ’s standard invoicing practices and will be submitted to OWNER by ENGINEER at least monthly. Invoices Payments are due and payable on receiptwithin 30 days of receipt of invoice.
4.1.3 If OWNER fails to make any payments payment due Engineer ENGINEER for services and expenses within thirty days after receipt of ENGINEER's invoice thereforetherefor, the amounts due ENGINEER will be increased at the rate of 1.0% per month (or the maximum rate of interest permitted by law, if less) from said thirtieth day; and, in addition, ENGINEER may, after giving seven days days' written notice to OWNER, suspend services under this Agreement until ENGINEER has been paid in full all amounts due for services, expenses and charges. Payments will be credited first to interest and then to principal. In the event of a disputed or contested billing, only that portion so contested may be withheld from payment, and the undisputed portion will be paid. OWNER agrees to pay ENGINEER all costs of collection including but not limited to reasonable attorneys' fees, collection fees and court costs incurred by ENGINEER to collect properly due payments.
Appears in 1 contract
Samples: Standard Form of Agreement Between Owner and Engineer
PAYMENTS TO ENGINEER FOR SERVICES. 4.1 Methods of Payment for Services of ENGINEER.
4.1.1 OWNER shall pay ENGINEER for Services performed or furnished under this Agreement or as described in Exhibit A. The amount of any excise, VAT, or gross receipts tax that may be imposed shall be added to the compensation shown in Exhibit A.A. If after the Effective Date any governmental entity takes a legislative action that imposes additional sales or use taxes on Engineer’s services or compensation under this Agreement, then Engineer may invoice such additional taxes for reimbursement by Owner. Owner shall reimburse Engineer for the cost of such invoiced additional taxes in addition to the compensation to which Engineer is entitled.
4.1.2 Invoices for Services will be prepared in accordance with ENGINEER's ’s standard invoicing practices and will be submitted to OWNER by ENGINEER at least monthly. Invoices Payments are due and payable on receiptwithin 30 days of receipt of invoice.
4.1.3 If OWNER fails to make any payments payment due Engineer ENGINEER for services and expenses within thirty days after receipt of ENGINEER's invoice thereforetherefor, the amounts due ENGINEER will be increased at the rate of 1.0% per month (or the maximum rate of interest permitted by law, if less) from said thirtieth day; and, in addition, ENGINEER may, after giving seven days days' written notice to OWNER, suspend services under this Agreement until ENGINEER has been paid in full all amounts due for services, expenses and charges. Payments will be credited first to interest and then to principal. In the event of a disputed or contested billing, only that portion so contested may be withheld from payment, and the undisputed portion will be paid. OWNER agrees to pay ENGINEER all costs of collection including but not limited to reasonable attorneys' fees, collection fees and court costs incurred by ENGINEER to collect properly due payments.
Appears in 1 contract
Samples: Standard Form of Agreement