Prompt Pay Discounts. A discount given to the buyer if paid within a certain time period. These discounts may be found in the Vendor List and Information section below. All discounts offered will be taken in cases where the payment issue date is within the specified number of days listed by vendor and in accordance with the Commonwealth’s Bill Paying Policy. Payment days will be measured from the date goods are received and accepted / performance was completed OR the date an invoice is received by the Commonwealth, whichever is later to the date the payment is issued as an EFT (preferred method) or mailed by the State Treasurer. The date of payment “issue” is the date a payment is considered “paid” not the date a payment is “received” by a Contractor.
Prompt Pay Discounts. A discount given to the buyer if paid within a certain time period. These discounts may be found in the Vendor List and Information section below. All discounts offered will be taken in cases where the payment issue date is within the specified number of days listed by vendor and in accordance with the Commonwealth’s Bill Paying Policy. Payment days will be measured from the date goods are received and accepted / performance was completed OR the date an invoice is received by the Commonwealth, whichever is later to the date the payment is issued as an EFT (preferred method) or mailed by the State Treasurer. The date of payment “issue” is the date a payment is considered “paid” not the date a payment is “received” by a Contractor. • Volume Discounts: Additional volume discount or options may be negotiated directly with the vendor. • Dock Delivery Discount: discount may be provided if product is delivered directly to the loading dock, check with the vendor and/or distributor.
Prompt Pay Discounts means discounts taken, usually on patient residual balances, in accordance with Eligible Recipient policies.
Examples of Prompt Pay Discounts in a sentence
Many vendors offer substantial Prompt Pay Discounts – see the Vendor Listing Spreadsheet for a listing of all vendors showing the Vendor Name, email address, and Prompt Pay Discounts.