Terms and procedure of payment of Contract Price Sample Clauses

Terms and procedure of payment of Contract Price. 10.2.1 The Contractor will raise invoice for its Scope of Project directly to the Authority on successful completion of the milestones (as applicable to them) provided in Schedule 6 (Contract Price and Payment Milestones) of this Contract. The invoices shall be accompanied with relevant supporting documents evidencing achievement of applicable payment milestone and any other documents required by the Authority in this regard. The pro-forma of the invoice and the documents and details to accompany it, shall be mutually discussed and agreed to by the Parties, provided that the Contractor shall at all times ensure that invoices are raised in accordance with the relevant provisions of Applicable Laws, so as to enable the Authority to avail credit of the taxes indicated in the said invoice.
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Terms and procedure of payment of Contract Price. 10.2.1 The Contractor will raise invoice for its Scope of Project directly to the Authority on successful completion of Works as provided in Schedule 6 (Contract Price and Payment) of this Contract. The invoices shall be accompanied with relevant supporting documents evidencing achievement of Works and any other documents required by the Authority in this regard. For avoidance of doubt, it is clarified that the Contractor shall, be required to submit the supporting documents to estimate the completion of Works and the value of the completed Works (in value terms) as per Schedule 6, from the Bill of Quantities in Schedule 10. The pro- forma of the invoice and the documents and details to accompany it, shall be mutually discussed and agreed to by the Parties, provided that the Contractor shall at all times ensure that invoices are raised in accordance with the relevant provisions of Applicable Laws, so as to enable the Authority to avail credit of the taxes indicated in the said invoice.
Sample 1
Terms and procedure of payment of Contract Price. 10.2.1 The Developer will raise Invoice for its Scope of Project to the DTA on successful completion of Works as provided in Schedule 6 (Contract Price and Payment) of this Contract. The Invoices shall be accompanied with relevant supporting documents evidencing achievement of Works and any other documents required by the Authority/DTA in this regard. For avoidance of doubt, it is clarified that the Developer shall, be required to submit the supporting documents to estimate the completion of Works and the value of the completed Works (in value terms) as per Schedule 6, from the Bill of Quantities in Schedule 10. The same shall be technically verified by the DTA in line with the terms of contract and submited to the Authority with necessary recommendations. The pro-forma of the Invoice and the documents and details to accompany it, shall be mutually discussed and agreed to by the Parties, provided that the Developer shall at all times ensure that invoices are raised in accordance with the relevant provisions of Applicable Laws, so as to enable the Authority to avail credit of the taxes indicated in the said invoice.
Sample 1
Terms and procedure of payment of Contract Price. 10.2.1 The Contractor will raise invoice for its Scope of Project to the Authority on successful completion of Works and/or maintenance Services as provided in Schedule 6 (Contract Price and Payment) of this Contract. The Invoices shall be accompanied with relevant supporting documents evidencing achievement of Works and/or maintenance Services and any other documents required by the Authority/DTA in this regard. For avoidance of doubt, it is clarified that the Contractor shall, be required to submit the supporting documents to estimate the completion of Works and/or maintenance Services and the value of the completed Works (in value terms) as per Schedule 6, from the Bill of Quantities in Schedule 10. The same shall be technically verified by the DTA in line with the terms of contract and submitted to the Authority with necessary recommendations. The pro-forma of the Invoice and the documents and details to accompany it, shall be mutually discussed and agreed to by the Parties, provided that the Contractor shall at all times ensure that invoices are raised in accordance with the relevant provisions of Applicable Laws, so as to enable the Authority to avail credit of the taxes indicated in the said invoice.
Sample 1

Related to Terms and procedure of payment of Contract Price

  • Terms and Conditions of Payment Payments will be made to the Service Provider according to the payment schedule stated in the SCC. Unless otherwise stated in the SCC, the advance payment (Advance for Mobilization, Materials and Supplies) shall be made against the provision by the Service Provider of a bank guarantee for the same amount, and shall be valid for the period stated in the SCC. Any other payment shall be made after the conditions listed in the SCC for such payment have been met, and the Service Provider have submitted an invoice to the Procuring Entity specifying the amount due.

  • TERMS OF PAYMENT 16.1 The Supplier shall request for payment by submitting invoice(s), delivery note(s) and any other relevant documents as specified in the SCC to the Procuring Entity.

  • PRICE AND TERMS OF PAYMENT 6.1 The Customer shall pay the Price in accordance with the Terms of Payment.

  • PRICES AND TERMS OF PAYMENT 3.1 The Total Purchase Price (inclusive of any tax payable) shall be paid in accordance with the payment schedule set forth in Appendix B of this Agreement.

  • Subcontract Procedures Without relieving it of, or in any way limiting, its obligations to NYSERDA under this Agreement, the Contractor may enter into Subcontracts for the performance of Work or for the purchase of materials or equipment. Prior to beginning any Work, Contractor shall notify the NYSERDA Project Manager of all subcontractors performing work under the Agreement, as well as all changes in subcontractors throughout the term of the Agreement. Except for a subcontractor or supplier specified in a team arrangement with the Contractor in the Contractor’s original proposal, and except for any subcontract or order for equipment, supplies or materials from a single subcontractor or supplier totaling less than $50,000, the Contractor shall select all subcontractors or suppliers through a process of competitive bidding or multi-source price review. A team arrangement is one where a subcontractor or supplier specified in the Contractor’s proposal is performing a substantial portion of the Work and is making a substantial contribution to the management and/or design of the Project. In the event that a competitive bidding or multi-source price review is not feasible, the Contractor shall document an explanation for, and justification of, a sole source selection. The Contractor shall document the process by which a subcontractor or supplier is selected by making a record summarizing the nature and scope of the work, equipment, supplies or materials sought, the name of each person or organization submitting, or requested to submit, a bid or proposal, the price or fee bid, and the basis for selection of the subcontractor or supplier. An explanation for, and justification of, a sole source selection must identify why the work, equipment, supplies or materials involved are obtainable from or require a subcontractor with unique or exceptionally scarce qualifications or experience, specialized equipment, or facilities not readily available from other sources, or patents, copyrights, or proprietary data. All Subcontracts shall contain provisions comparable to those set forth in this Agreement applicable to a subcontractor or supplier, and those set forth in Exhibit C to the extent required by law, and all other provisions now or hereafter required by law to be contained therein. Each Subcontract shall make express reference to this Agreement, and shall state that in the event of any conflict or inconsistency between any Subcontract and this Agreement, the terms and conditions of this Agreement shall control as between Subcontractor and Contractor. For each Subcontract valued at $100,000 or more, the Contractor shall obtain and maintain, pursuant to Section 4.05, a completed Vendor Assurance of No Conflict of Interest or Detrimental Effect form from such Subcontractor prior to the execution of the Subcontract. Such form shall be made available to the Contractor by NYSERDA. Each such Subcontract shall contain a provision whereby the Subcontractor warrants and guarantees that there is and shall be no actual or potential conflict of interest that could prevent the Subcontractor’s satisfactory or ethical performance of duties required to be performed pursuant to the terms of the Subcontract and that the Subcontractor shall have a duty to notify NYSERDA immediately of any actual or potential conflicts of interest. If this Agreement includes a provision requiring Contractor to make Payments to NYSERDA for the Sale or Licensing of a Product, each Subcontract shall include the provisions of Section 8.02, suitably modified to identify the parties. The Contractor shall submit to NYSERDA’s Contract Administrator for review and written approval any subcontract(s) specified in the Statement of Work as requiring NYSERDA approval, including any replacements thereof.

  • PROCEDURES FOR SUPPLEMENTAL PAYMENT CALCULATIONS All calculations required by this Article VI, including but not limited to: (i) the calculation of the Applicant’s Stipulated Supplemental Payment Amount; (ii) the determination of both the Annual Limit and the Aggregate Limit; (iii) the effect, if any, of the Aggregate Limit upon the actual amount of Supplemental Payments eligible to be paid to the District by the Applicant; and (iv) the carry forward and accumulation of any of the Applicant’s Stipulated Supplemental Payment Amounts unpaid by the Applicant due to the Aggregate Limit in previous years, shall be calculated by the Third Party selected pursuant to Section 4.3.

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