Compensation; Method of Payment Clause Samples

Compensation; Method of Payment. A. Subject to the Contractor's satisfactory performance, Anchorage shall pay the Contractor no more than DOLLARS ($ .00) for Basic Services and DOLLARS ($ .00) for Additional Services in accordance with this section. B. Anchorage shall pay the Contractor in accordance with the schedule of professional fees attached as Appendix B and incorporated herein by reference for services actually performed under this contract. C. Each month the Contractor shall present a bill to the Administrator describing the work for which it seeks payment and documenting expenses and fees to the satisfaction of the Administrator. If any payment is withheld because the Contractor’s performance is unsatisfactory, the Administrator must, within ten (10) days of the payment denial, notify the Contractor of the payment denial and set forth, with reasonable specificity, what was unsatisfactory and why. D. The Contractor is not entitled to any compensation under this contract, other than is expressly provided for in this section. E. As a condition of payment, the Contractor shall have paid all municipal taxes currently due and owing by the Contractor.

Compensation; Method of Payment. 3.1 Contractor shall render all Work to the Town under the Agreement for a total, not to exceed, $ Dollars (“Contract Price”). 3.2 Town shall not be liable for any cost increases or escalation associated with labor, services, materials, equipment or any other costs that may arise during the performance of the Work. In the event, the cost of the Work exceeds the amounts defined in Section 3.1, Contractor shall pay such excess from its own funds and Town shall not be liable for any excess. The only exception shall be adjustments to the Contract Price pursuant to written Change Orders, duly executed by Town and Contractor in accordance with the terms and conditions of this Agreement and with the same formality and dignity afforded the original Agreement. 3.3 Town and Contractor agree that payment will be subject to (a) the delivery of an invoice by Contractor to the Town once every 30 days, and (b) confirmation by Town, that the Work included in the invoice, has been performed in accordance with this Agreement. Upon verification by Town that the invoiced Work has adequately been performed, Town shall have thirty (30) days thereafter to pay the invoice. 3.4 Each invoice must be accompanied by all supporting documentation and other information reasonably requested by Town, including, but not limited to a Partial Release of Lien or Final Release of Lien as appropriate and in compliance with forms set forth in Chapter 713.20, Florida Statutes. Reference herein to Chapter 713, Florida Statutes is for convenience, and shall not be construed as a waiver of sovereign immunity or authority for imposition of liens against public property. Each progress payment shall be reduced by 5%

Compensation; Method of Payment. A. Subject to the Contractor’s performance in compliance with the terms of this Contract, Anchorage shall pay the Contractor SIXTY-SIX THOUSAND EIGHTY-SEVEN DOLLARS ($66,087.00) monthly, due the first of the month, and not later than the fifth of the month, provided the first payment shall be made within 20 days after execution of this Contract. Subject to the Contractor’s performance in compliance with the terms of this Contract, monthly payments made pursuant to this Contract shall annually total SEVEN HUNDRED NINETY- THREE THOUSAND FORTY-FOUR DOLLARS ($793,044). B. If the Contract is extended for the two-year option period, subject to the Contractor’s satisfactory performance, Anchorage shall pay the Contractor SEVENTY-ONE THOUSAND THREE HUNDRED SEVENTY-THREE DOLLARS AND NINETY-SIX CENTS ($71,373.96) monthly, due the first of the month, and not later than the fifth of the month. Subject to the Contractor’s satisfactory performance, monthly payments made during the two-year option period shall annually total EIGHT HUNDRED FIFTY-SIX THOUSAND FOUR HUNDRED EIGHTY-SEVEN DOLLARS AND FIFTY-TWO CENTS ($856,487.52). C. The Contractor is not entitled to any compensation under this Contract, other than as expressly provided for in this section. Anchorage is not entitled to any services other than as expressly provided for in section 2, above.

Compensation; Method of Payment. A. Subject to the Contractor's satisfactory performance, Anchorage shall pay the Contractor no more than DOLLARS ($ ) in accordance with this section. B. Anchorage shall pay the Contractor in accordance with the Schedule of Fees attached as Attachment B and incorporated herein by reference for services actually performed under this contract. C. The Contractor is not entitled to any compensation under this contract, other than is expressly provided for in this section. D. As a condition of payment, the Contractor shall have paid all municipal taxes currently due and owing by the Contractor.

Compensation; Method of Payment. Sample Professional Services Contract (Template) Revised 10/6/20 by CLH A. Subject to the Contractor's satisfactory performance, Anchorage shall pay the Contractor no more than DOLLARS ($ ) in accordance with this section. B. Anchorage shall pay the Contractor in accordance with the schedule of professional fees attached as Appendix B and incorporated herein by reference for services actually performed under this contract. C. The Contractor is not entitled to any compensation under this contract, other than is expressly provided for in this section. D. As a condition of payment, the Contractor shall have paid all municipal taxes currently due and owing by the Contractor.

Compensation; Method of Payment. A. Each month, or at the conclusion of each phase of the Work for which payment is due, as negotiated on a per-task basis, the Contractor shall present a bill to the Administrator describing the Work for which it seeks payment and documenting expenses and fees to the satisfaction of the Administrator. If any payment is withheld because the Contractor's performance is unsatisfactory, the Administrator must, within ten (10) days of the payment denial, notify the Contractor of the payment denial and set forth, with reasonable specificity, what was unsatisfactory and why. Billings will pay Contractor within 30 days of receiving an acceptable invoice. B. The Contractor is not entitled to any compensation under this Contract, other than as expressly provided for in this Section. C. As a condition of payment, the Contractor shall have paid all City taxes currently due and owing by the Contractor.

Compensation; Method of Payment. A. Subject to the Contractor's satisfactory performance, Anchorage shall pay the Contractor no more than DOLLARS ($ ) in accordance with this section. B. Anchorage shall pay the Contractor the Annual service agreement payment as invoiced by Contractor at the beginning of service contract years 2023, 2024, 2025. This contract may be extended for three (3) one-year option period(s) upon mutual consent of the parties, confirmed by amendment. If a contract renewal is exercised, additional annual service payments will be due at the beginning of that service year (2026, 2027, 2028). C. Upon final acceptance of the work by the Administrator the Contractor shall present a bill to the Administrator describing the work for which it seeks payment and documenting expenses and fees to the satisfaction of the Administrator. If any payment is withheld because the Contractor's performance is unsatisfactory, the Administrator must, within 30 days of the payment denial, notify the Contractor of the payment denial and set forth, with reasonable specificity, what was unsatisfactory and why. D. The Contractor is not entitled to any compensation under this contract, other than is expressly provided for in this section. E. As a condition of payment, the Contractor shall have paid all municipal taxes currently due and owing by the Contractor.

Compensation; Method of Payment. For the debt issuance services provided for herein, it is agreed that Firm shall be paid an all-inclusive advisory fee not to exceed $50,000. The Firm will not request reimbursement for any out-of-pocket expenses incurred as part of this engagement, including but not limited to copies, mileage, and meals. The County and Firm understand that the fee, as well as all other issuance costs (such as the bond counsel and credit rating fees) will be paid from the Bond proceeds.

Compensation; Method of Payment. A. Subject to the Consultant's satisfactory performance, the Foundation shall pay the Consultant the hourly rates identified in Appendix B not to exceed XXXXXX. B. The work shall be paid as follows: The Foundation shall pay the Consultant in accordance with the schedule of professional fees attached as Appendix B and incorporated herein by reference for services actually performed under this Contract C. Each month, the Consultant shall present a bill to the Administrator describing the work for which it seeks payment and documenting expenses and fees to the satisfaction of the Administrator. If any payment is withheld because the Consultant's performance is unsatisfactory, the administrator must, within 10 days of the payment denial, notify the Consultant of the payment denial, and set forth, with reasonable specificity, what was unsatisfactory and why. D. The Consultant is not entitled to any compensation under this Contract, other than is expressly provided for in this Section. E. As a condition of payment, the Consultant shall have paid all municipal taxes currently due and owing by the Consultant.