Common use of Services and Deliverables Provided on a Fixed Price Basis Clause in Contracts

Services and Deliverables Provided on a Fixed Price Basis. If the Services are to be performed and Deliverables are to be provided on a fixed price basis, the following additional provisions shall apply: (1) As specified in the applicable Purchase Order, Contractor shall submit Valid Invoices either: monthly; upon completion of payment milestones; or as a final invoice; or as other charges, as described below. (2) Valid Invoices shall be submitted within 10 days following the end of the month in which Services were performed and Deliverables were provided. The Valid Invoice shall list by task the Services performed and Deliverables provided in the prior month, and a detailed description of any separately-billed items authorized by the Purchase Order. If the Services and Deliverables are to be paid on a percent completed basis, as stated in the Purchase Order, then the Valid Invoice shall also include the percent of total Services performed and Deliverables provided by the Contractor in that prior month. Each Valid Invoice shall include the current monthly amount being invoiced, the cumulative amount invoiced to date, the accumulative retained amount, and the total fixed price. (3) When Edison agrees in writing that a payment milestone has been completed, Contractor shall submit a Valid Invoice for that milestone amount. (4) Except as otherwise set forth in the applicable Purchase Order, a single Valid Invoice shall be submitted at the Acceptance of the Services and Deliverables for a lump sum payment of the fixed price.

Services and Deliverables Provided on a Fixed Price Basis. If the Services are to be performed and or Deliverables are to be provided on a fixed price basis, the following additional provisions shall apply: (1) As specified in the applicable Purchase Order, Contractor shall submit Valid Invoices either: monthly; upon completion of payment milestones; or as a final invoice; or as other charges, as described below. (2) Valid Invoices shall be submitted within 10 days following the end of the month in which Services were performed and or Deliverables were provided. The Valid Invoice shall list by task the Services performed and or Deliverables provided in the prior month, and a detailed description of any separately-billed items authorized by the Purchase Order. If the Services and or Deliverables are to be paid on a percent completed basis, as stated in the Purchase Order, then the Valid Invoice shall also include the percent of total Services performed and or Deliverables provided by the Contractor in that prior month. Each Valid Invoice shall include the current monthly amount being invoiced, the cumulative amount invoiced to date, the accumulative retained amount, and the total fixed price. (3) When Edison agrees in writing that a payment milestone has been completed, Contractor shall submit a Valid Invoice for that milestone amount. (4) Except as otherwise set forth in the applicable Purchase Order, a single Valid Invoice shall be submitted at the Acceptance of the Services and Deliverables for a lump sum payment of the fixed price.