Subcontractor Invoices Clause Samples

Subcontractor Invoices. Prior to completion of the Open Book Review, Contractor shall submit two (2) copies of any invoices received from its Subcontractors to Owner by delivering one such copy to the Project Representative and such Person in the finance or accounting department as designated in writing by Owner pursuant to Section 6.3. Each such invoice shall be reasonably detailed and shall be accompanied by reasonable supporting documentation with respect to the Work completed and the costs related thereto set forth on such invoice, and by the statements required pursuant to Section 6.4. Contractor acknowledges and agrees that Owner may request such invoices be submitted in electronic form and shall use commercially reasonable efforts to obtain the Subcontractors’ compliance with such requests. Contractor understands and agrees that any invoice that is inaccurate or incomplete or that lacks reasonable detail, specificity, or the supporting documentation required by this Section 6.5 shall not, to the extent of such deficiency, constitute a valid request for payment. By submitting such invoice to Owner, Contractor shall be deemed to represent to Owner that the milestone required for payment has been achieved or the Work required to be completed has been completed, as applicable. Notwithstanding anything to the contrary in Section 6.3, Owner shall pay Contractor the entire amount of the invoice, subject only to Retainage, in immediately available funds by electronic means using banking transfer instructions provided by Contractor within fifteen (15) days after Owner receives such invoice.