Common use of Report and Invoice Clause in Contracts

Report and Invoice. Within five (5) Business Days of the end of each Payment Period the Contactor shall submit to the Authority a report (the "Payment Period Report") including: a report showing for that Payment Period the Payment Period Payment and, individually, each item taken into account in calculating the Payment Period Payment for that Payment Period pursuant to Schedule 5 (Pricing and Payment Mechanism) and separately showing any VAT payable by the Authority on any relevant amount; any Service Credit Deductions; and an invoice for the amount (if any) shown by the report as owing by the Authority to the Contractor and for any VAT payable by the Authority in respect of that amount. Invoices and the Payment Period Report shall be sent electronically. The Authority shall advise the Contractor of acceptable means of electronic submission from time to time by written instruction and with thirty (30) Days notice of changes to such details that may alter the method of delivery of the invoice without such written notice constituting a Change. The Authority shall advise purchase order numbers to the Contractor which shall be quoted in all Payment Period Reports and invoices. Purchase order numbers shall be advised for each period of Service delivery, as determined by the Authority, which by default shall be for each Authority financial year. Payment Subject to clauses 28.3.2 (Payment) and 28.5 (Disputed Amounts), the Authority shall pay the amount stated in any invoice submitted under clause 28.2 (Report and Invoice) on or before the date falling thirty (30) Days after receipt of the invoice. Where a report shows an amount owed by the Contractor to the Authority, other than in respect of Service Credit Deductions (which shall be credited in accordance with paragraph 2.5 of Schedule 5 (Pricing and Payment Mechanism)), the Contractor shall pay that amount to the Authority on or before the date falling thirty (30) Days after the date of the invoice, or at the option of the Authority carry forward that amount to the next invoice in reduction of the amount which would otherwise have been owed by the Authority to the Contractor.

Report and Invoice. Within five (5) On the first Business Days of the end Day of each Payment Period the Contactor Contractor shall submit to the Authority a report (the "Payment Period Report") includingAuthority: a report showing for that Payment Period the Payment Period Monthly Unitary Payment and, individually, each item taken into account in calculating the Monthly Unitary Payment Period Payment for that Payment Period pursuant to paragraph 2.1 of Schedule 5 6 (Pricing and Payment Mechanism) and separately showing any VAT payable by the Authority on any relevant amount; any Service Credit Deductions); and an invoice for the amount (if any) shown by the report as owing by the Authority to the Contractor and for any VAT payable by the Authority in respect of that amount. Invoices and the Final Payment Period During the final two Payment Periods, in addition to the amounts referred to in clause 37.2.1 (Report and Invoice) the Authority may withhold an amount equivalent to the average per Payment Period of the sum of the Deductions made from the Monthly Unitary Charge in the previous six Payment Periods until such time as the Contractor shall be sent electronicallyhave provided a report to the Authority in respect of those Payment Periods containing the information set out in clause 37.2.1 (Report and Invoice). On receipt of the reports from the Contractor in respect of the final two Payment Periods the Authority may retain from the amounts withheld pursuant to clause 37.3.1 a sum equivalent to the sum of the Deductions identified in the report or any other amount agreed by the Parties or determined pursuant to the Dispute Resolution Procedure as owing to the Authority. The Authority shall advise pay the Contractor balance of acceptable means of electronic submission from time to time by written instruction and with thirty (30) Days notice of changes to such details that may alter the method of delivery of the invoice without such written notice constituting a Change. The Authority shall advise purchase order numbers any monies withheld to the Contractor which or if it is agreed or determined the Contractor owes monies to the Authority in excess of those sums withheld, the Contractor shall be quoted in all Payment Period Reports and invoices. Purchase order numbers shall be advised for each period of Service delivery, as determined by pay such additional amounts to the Authority, in each case with interest on that amount at the Prescribed Rate calculated on a daily basis and compounded quarterly from the date on which the payment was withheld by default shall be for each the Authority financial yearpursuant to clause 37.3.1 or from the date on which over payment was made (in the case of excessive claims by the Contractor) until all relevant monies have been paid in full and whether before or after judgement. Payment Subject to clauses 28.3.2 (Payment) and 28.5 clause 37.5 (Disputed Amounts), the Authority shall pay the amount stated in any invoice submitted under clause 28.2 37.2 (Report and Invoice) on or before the date falling thirty (30) Days after receipt final Business Day of the invoicePayment Period in question. Where a report shows an a net amount owed by the Contractor to the Authority, other than in respect of Service Credit Deductions (which shall be credited in accordance with paragraph 2.5 of Schedule 5 (Pricing and Payment Mechanism)), the Contractor shall pay that amount to the Authority on or before the date falling thirty (30) Days after the date final Business Day of the invoicePayment Period to which the report refers, or or, at the option of the Authority Authority, carry forward that amount to the next invoice report in reduction of the amount amounts which would otherwise have been owed by the Authority to the Contractor.