Common use of Servicing Agency Clause in Contracts

Servicing Agency. Ensure the award addresses the appropriate processes for invoice submittal and approval and identifies the payment office, which typically is the Servicing Agency. Work with the appointed COR, or other official responsible for invoice review to facilitate accurate and timely review and payment to the contractor. Approve or disapprove payment in accordance with the award terms and conditions. Pay non-disputed invoice and xxxx the Requesting Agency for reimbursable services. Return improper invoice within specified time periods (e.g., in accordance with the Prompt Payment Act where applicable). Do not authorize payment if the work being invoiced is disputed or the invoice is otherwise found to be improper. Regardless of the funding source, the Servicing Agency CO retains the authority to stop payment when necessary.

Servicing Agency. Ensure the award addresses the appropriate processes for invoice submittal and approval and identifies the payment office, which typically is the Servicing Agency. Work with the appointed COR, COR or other official responsible for invoice review review, to facilitate accurate and timely review and payment to the contractor. Approve or disapprove payment in accordance with the award terms and conditions. Pay non-disputed invoice and xxxx bill the Requesting Agency for reimbursable services. Return improper invoice within specified time periods (e.g., in accordance with the Prompt Payment Act where applicable). Do not authorize payment if the work being invoiced is disputed or the invoice is otherwise found to be improper. Regardless of the funding source, the Servicing Agency CO retains the authority to stop payment when necessary.