Reimbursable Payment Sample Clauses
A Reimbursable Payment clause defines the terms under which one party will repay another for specific expenses incurred during the performance of a contract. Typically, this clause outlines which costs are eligible for reimbursement, such as travel, materials, or third-party services, and may require supporting documentation like receipts or invoices. Its core function is to ensure that parties are fairly compensated for out-of-pocket expenses, promoting transparency and preventing disputes over which costs are recoverable.
Reimbursable Payment. Tulsa County will receive payment on a monthly basis, upon receipt of an invoice of costs incurred and authorized by the FHWA. Tulsa County is limited to recovery of actual costs only, with a progress report reflecting the progress to the date of the invoice. Tulsa County shall not incur costs which exceed the maximum cost stated in this Grant without authorization from the FHWA. Such authorization will be in the form of a modification to this Grant signed by the FHWA Contracting Officer. Tulsa County shall submit a monthly progress report to the CFLHD COTR listed below which notes obstacles encountered and suggested solutions, progress to date, and identifies costs and expenses for services rendered or supplies delivered per the SOW. Include back-up data with each request for payment. Back-up data includes all documents needed to support the requested reimbursement, such as record of contract payments, receipts, payrolls, and so on. Tulsa County will submit all Billings to the Government with Support Data as costs are billed, and one final and complete billing marked Final Invoice for reimbursement of all eligible costs incurred no later than 180 days after the end of the period of performance as stated on the Grant. If Tulsa County does not submit a Final Bill within 180 days of the completion date the Government may close the Grant unilaterally and deobligate all remaining funds.
Reimbursable Payment. The agency performing the work specified in the agreement periodically bills the other agency or agencies who are party to the agreement for amounts obligated or costs incurred in providing the services or goods. The agency is then reimbursed by the other agencies for those costs.
Reimbursable Payment. The servicing agency will receive payment on a reimbursable basis, upon receipt of invoice of costs incurred and authorized. The servicing agency is limited to recovery of actual costs only, to include back-up data with each request for payment. Back-up data includes all documents needed to support the requested reimbursement, such as record of contract payments, receipts, payrolls, and so on.
Reimbursable Payment. The Department will reimburse the grantee for eligible expenses up to the amount of this grant award. The Grantee must request reimbursement for the expenses using the provided grant report form. The reimbursement request must be supported by documentation of purchases that includes the quantity purchased, proof that the products were Alaskan grown or caught/harvested in Alaskan waters, total cost, and proof of payment.