Common use of Quarterly Sales Report Clause in Contracts

Quarterly Sales Report. The Contractor shall submit a Quarterly Sales Report electronically, in the required format, to the Department’s Contract Manager within thirty (30) calendar days after the close of each State Fiscal Quarter, as listed below. Initiation and submission of the Quarterly Sales Report is the responsibility of the Contractor, without prompting or notification by the Department. Sales will be reviewed on a quarterly basis. If no sales are recorded in two (2) consecutive Contract quarters, the Contractor may be placed in probationary status or the Department may terminate the Contract. Quarter 1 (July-Sept.) – due 30 calendar days after the close of the quarter Quarter 2 (Oct.-Dec.) – due 30 calendar days after the close of the quarter Quarter 3 (Jan.-March) – due 30 calendar days after the close of the quarter Quarter 4 (April-June) – due 30 calendar days after the close of the quarter