Compensation Invoicing and Payment Clause Samples
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Compensation Invoicing and Payment. A. The maximum amount of this Agreement is an estimate, and the actual amount of Work requested by the Authority may be less. No payment shall be made to the Contractor in advance of services rendered by the Contractor or an allowable subcontractor.
B. The Contractor shall not be entitled to payment for Work performed prior to receipt of a LNTP from the Authority’s Contract Manager. No Work shall begin before receipt of a LNTP.
C. Contractor’s invoices shall include the following information:
a. The Agreement number;
b. Date prepared;
c. Billing period;
d. Actual hours worked (by individual name and position);
e. A narrative of the Work performed, including the associated LNTP number;
f. Actual costs for salaries (by position), fringe, and overhead; and
g. All allowable subcontractor or vendor direct costs, which shall be supported by receipts. The Contractor shall only be paid for claimed costs or expenses that are within the scope of work, included in a LNTP, and (1) identified on the Attachment 1 – Rates and Budget Details; or (2) approved in advance by the Authority pursuant to the requirements of Section 2, Subsection I of this Exhibit B.
D. For services satisfactorily rendered in accordance with the terms of this Agreement and approved by the Contract Manager, and upon receipt and approval of the invoices, the Authority shall reimburse the Contractor for actual costs incurred for (i) direct labor, (ii) fringe and overhead rates, and (iii) other direct costs, limited to approved subcontractors and vendors. Any approved subcontractor and vendors shall be subject to the same reimbursement provisions.
E. The Contractor shall provide one (1) electronic original copy of the invoice for payment. Invoices shall be submitted no more than monthly in arrears and no later than sixty (60) calendar days after completion of each billing period or upon completion of a task to:
F. The date of invoice delivery shall be the date the Authority receives the electronic original copy to the Financial Office at the email address listed in Section 2, Subsection E of this Exhibit B.
G. Payments shall be made to the Contractor for undisputed invoices with sixty (60) days of Authority’s receipt of the invoice. If the Authority’s Financial Office disputes an invoice, it shall notify the Contractor within fifteen (15) working days of receipt of the invoice and pay undisputed portions of the invoice in accordance with the Agreement. The invoice may be disputed if additional eviden...
Compensation Invoicing and Payment. Compensation for services provided under this Contract shall be provided on a Cost Reimbursement –Billing Salary Rate basis, a Cost Reimbursement - Hourly Billing Rate basis, a Lump Sum basis, or a combination thereof, at the sole discretion of the CITY. For the Cost Reimbursement – Billing Salary Rate basis, compensation is defined as the sum of: (1) Billing Salary Rates; (2) Overhead;
Compensation Invoicing and Payment. Charges for work performed which had not been authorized by County Counsel. Such work shall be a gratuitous effort by Attorneys.
Compensation Invoicing and Payment. ENGINEER shall be paid on lump sum basis as agreed to and documented within EXHIBIT A. ENGINEER shall invoice OWNER for SERVICES rendered, on a monthly basis for SERVICES provided in the previous month. ENGINEER shall provide Tax ID Number upon execution of this AGREEMENT. Tax I.D. Number ▇▇-▇▇▇▇▇▇▇ A monthly progress report describing the tasks accomplished in the previous month shall accompany each invoice. OWNER will pay ENGINEER in accordance with terms in EXHIBIT A. Acceptance of final payment by ENGINEER shall release OWNER from any and all claims for SERVICES and expenses.
Compensation Invoicing and Payment. (a) Virginia Power shall compensate Alliance for Ancillary Services and all capital improvements approved by Virginia Power and made to the Facilities after the initial construction of the Storage and Blending Facility ******.
(b) The invoicing and payment of Alliance’s compensation for the Ancillary Services will be effected in accordance with Article 6 of the Coal Supply Agreement.
(c) The parties agree that Section 7.6 (Affiliate Pricing Covenant) of the Coal Supply Agreement is incorporated herein by reference.
Compensation Invoicing and Payment. 7.1. The Contractor can only submit and invoice the hours deemed legitimate by the Third Party to the Client. The Client is not liable for compensation for hours not approved by the Third Party. Additional costs cannot be charged by the Contractor unless further written agreements have been made.
7.2. If tools from the Client and/or the Third Party are necessary for the execution of the assignment, the Client will charge the related costs to the Contractor.
7.3. The travel cost reimbursement is calculated based on the shortest route between the Contractor's address and the Third Party's work location via the online ANWB Route planner.
Compensation Invoicing and Payment. Compensation for services provided under this Contract shall be provided on a Cost Reimbursement –Hourly Salary Rate basis, a Cost Reimbursement - Hourly Billing Rate basis, a Lump Sum basis, or a combination thereof, at the sole discretion of the CITY. For the Cost Reimbursement – Hourly Salary Rate basis, compensation is defined as the sum of: (1) Hourly Salary Rates; (2) Overhead; (3) Other Direct Cost with no markup; (4) Subcontract Expenses plus administrative fee as stated herein; and (5) Profit as defined herein. For the Cost Reimbursement – Hourly Billing Rate basis, compensation is defined as the sum of: (1) Hourly Billing Rates; (2) Other Direct Cost with no markup; and (3) Subcontract Expenses plus administrative fee as stated herein. For the Lump Sum basis, compensation is defined solely as the Lump Sum.
10.1 Cost Reimbursement – Hourly Salary Rate Basis
10.1.1 Hourly Salary Rates" shall be at the rates approved by the ENGINEER, to be charged by CONSULTANT for employees' time directly chargeable to their performance of the project work. Actual CONSULTANT salaries may be increased at the discretion of CONSULTANT’s management. However, Hourly Salary Rate increases are limited to once per year, per employee, on the anniversary date of the CONSULTANT’s Contract execution, and are subject to the approval of the ENGINEER. Any such increases shall be in accordance with established Bureau of Engineering policies existing at the time the adjustment is approved. In no case shall the "Hourly Salary Rates" exceed the actual salary rates paid to the employee. If a CONSULTANT employee is promoted to a new classification or position, documentation shall be provided to the ENGINEER. CONSULTANT shall provide explanation of the higher responsibilities of the CONSULTANT employee in the new classification or position. CONSULTANT may increase the Hourly Salary Rate due to promotion, subject to the approval of the ENGINEER. Subconsultant Hourly Salary Rates are negotiated by Task Order. Any adjustments to subconsultants’ Hourly Salary Rates for a Task Order shall be reviewed and approved by the ENGINEER prior to invoicing. Adjustments to subconsultants’ Hourly Salary Rates may be increased one time per year, per employee, on the anniversary date of the CONSULTANT’S Contract execution, and are subject to approval of the ENGINEER. Any such increases shall be in accordance with established Bureau of Engineering policies existing at the time the adjustment is approved.
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Compensation Invoicing and Payment. The method of compensation shall be identified in the Service Order. When the method of compensation is on a time and materials basis, Geosyntec shall submit invoices to Client reflecting the number of hours worked multiplied by the hourly rate reflected in Geosyntec’s rate schedule, along with any approved expenses for reimbursement. The rates and rate schedule for projects lasting more than one year may be adjusted annually. The rates are inclusive of all taxes except such value added, sales, service or withholding taxes that are imposed by some jurisdictions, and which shall be explicitly identified. Any such applicable taxes will be added to the invoice and shall be paid by the Client. Where compensation is subject to a “not to exceed” budget such limit shall only apply to the total approved budget. Any amount allocated to a task or milestone may be exceeded without Client authorization as long as the total budget limit identified in the Service Order is not exceeded. Geosyntec shall periodically submit invoices to Client and Client shall pay each invoice in accordance with any applicable prompt payment legislation within thirty (30) days of the date of the invoice. Payment shall not be conditioned upon Client’s receipt of payment from any other parties. If Client objects to all or any portion of any invoice, Client shall notify Geosyntec in writing of the objection within fifteen (15) calendar days from the date of the invoice, give reasons for the objection, and pay that portion of the invoice not in dispute. Geosyntec may invoice Client for any expense authorized by the Client exceeding $5,000 before the expense has been incurred by Geosyntec. Client shall pay the greater of an additional charge of the lesser of one percent (1%) of the amount of the invoice per month or the maximum percentage allowed by law for any payment received by Geosyntec more than thirty (30) days from the date of the invoice. Payment thereafter shall first be applied to accrued interest and then to the unpaid principal. The additional charge shall not apply to any disputed portion of any invoice resolved in favor of Client. No deductions shall be made from Geosyntec’s compensation on account of penalty, liquidated damages, or other sums withheld from payments to Client or others, or on account of the cost of changes in the Services. In addition to the above, if payment of Geosyntec invoices is not maintained on a thirty (30) day current basis, Geosyntec may, by ten (10) days...
Compensation Invoicing and Payment. COMPENSATION License fees applicable to this partnership will be invoiced upfront and payment is due by the first day of program delivery. License fees are as follows: 2 (two), Learn2Earn Licenses (up to 30 students) of $5,000 (partner total of $10,000; total cost of $30,000) have been waived. (Dependent upon registration requirements)
Compensation Invoicing and Payment a. It is understood and agreed that the total estimated PE cost for the PROJECT is one million four hundred thousand dollars and zero cents ($1,400,000.00).
b. It is agreed that the total maximum reimbursable amount the DEPARTMENT will pay is one million one hundred twenty thousand dollars and zero cents ($1,120,000.00). The DEPARTMENT will reimburse at eighty percent (80%) up to the total maximum reimbursable amount, which is the DEPARTMENT'S maximum obligation.
c. The SPONSOR shall be responsible for all amounts in excess of the total maximum reimbursable amount.
d. The SPONSOR should submit invoices to the DEPARTMENT on a monthly basis to include a report on what was accomplished during the month, anticipated work to be done during the next month and any problems encountered or anticipated. Upon approval of each submitted invoice, the DEPARTMENT shall make payment to the SPONSOR as the work progresses, but not more often than once a month, until the work is completed, or the DEPARTMENT has met its total maximum obligation set forth in this Section 11.