SCHEDULE OF MILESTONES AND PAYMENTS Sample Clauses

SCHEDULE OF MILESTONES AND PAYMENTS. NOTE: The following chart will detail the list of milestones. Each milestone will xxxx the completion of a measurable event (i.e., completing a baseline execution plan, completing measurable events in the performance of the research and development of the technology, completing and submitting the final report, etc). Status reports cannot be milestones. The milestone description will show how the milestone will be demonstrably completed. Payments associated with each milestone must reflect the actual comprehensive costs to achieve milestone completion. DARPA CONSORTIUM FY XX $ $ FY XX $ $ FY XX $ $ DARPA funding shall be applied toward the following expenses: (list types of expenses). (NOTE: For example, for traditional Government contractors, fully burdened labor “exclusive of cost of money and fee”. Cost of money and fee are not recognized in a cost sharing situation or when investing in the development of technologies. Also, an agreement between the Parties will be required when allowing unusual expenses.)

SCHEDULE OF MILESTONES AND PAYMENTS. NOTE: The following chart will detail the list of milestones. Each milestone will mark the completion of a measurable event (i.e., completing a baseline execution plan, completing measurable events in the performance of the research and development of the technology, completing and submitting the final report, etc). Status reports cannot be milestones. The milestone description will show how the milestone will be demonstrably completed. Payments associated with each milestone must reflect the actual comprehensive costs to achieve milestone completion. Payments will be made by the Defense Finance and Accounting Service office, as indicated below, within 30 (thirty) calendar days of an accepted invoice in Wide Area Workflow (WAWF). Wide Area Workflow (WAWF) is a secure web-based system for electronic invoicing, receipt and acceptance. The WAWF application enables electronic form submission of invoices, government inspection, and acceptance documents in order to support DoD’s goal of moving to a paperless acquisition process. Authorized DoD users are notified of pending actions by e-mail and are presented with a collection of documents required to process the contracting or financial action. It uses Public Key Infrastructure (PKI) to electronically bind the digital signature to provide non-refutable proof that the user (electronically) signed the document with the contents. Benefits include online access and full spectrum view of document status, minimized re-keying and improving data accuracy, eliminating unmatched disbursements and making all documentation required for payment easily accessible.