Common use of Reporting and Administrative Fees Clause in Contracts

Reporting and Administrative Fees. Vendor shall be responsible for reporting all products and services purchased under this Contract. The failure to file the quarterly reports, subcontract reports, and pay the administrative fees on a timely basis will constitute grounds for suspension or termination of the contract for cause. If Vendor submits three (3) consecutive quarterly reports late or incorrectly, DIR reserves the right to suspend or terminate this contract for cause. Vendor’s liability for any breach of this section is limited to the amount of administrative fees owed to DIR by Vendor. DIR acknowledges that DIR must provide written/electronic notification following each incorrectly submitted report in order to be permitted to suspend or terminate this Contract for cause. DIR shall have the right to verify required reports and to take any actions necessary to enforce its rights under this section, including but not limited to, compliance checks of Vendor’s applicable Contract books.