Common use of Contract Expenditures Clause in Contracts

Contract Expenditures. This Contract establishes a vendor relationship as contemplated by Federal OMB Circular A-133 between WFI and the Contractor. Florida law requires that WFI contracts are performance-based, meaning that WFI pays for the provision of specified services rather than reimbursing the Contractor’s expenses. This Contract is therefore a fixed unit price Contract. In this regard, payments and appropriate documentation relate directly to Attachment A, Approved IWT Budget. WFI will exercise due diligence to review performances and required documentation submitted by the Contractor and to process payments in a timely manner. If there arises a discrepancy with the required documentation that precludes the processing of the invoice or a portion of the invoice for payment, WFI’s contract manager will notify the Contractor’s contract manager of the discrepancy. Such discrepancy must be corrected before payment is made. WFI retains a contractual agreement with an administrative entity that requires the administrative entity to issue a payment warrant within fifteen (15) days after receipt of a payment request from WFI.

Contract Expenditures. This Contract establishes a vendor relationship as contemplated by Federal OMB Circular A-133 between WFI CSF and the Contractor. Florida law requires that WFI CSF contracts are performance-based, meaning that WFI CSF pays for the provision of specified services rather than reimbursing the Contractor’s expenses. This Contract is therefore a fixed unit price Contract. In this regard, payments and appropriate documentation relate directly to Attachment A, Approved IWT Budget. WFI CSF will exercise due diligence to review performances and required documentation submitted by the Contractor and to process payments in a timely manner. If there arises a discrepancy with the required documentation that precludes the processing of the invoice or a portion of the invoice for payment, WFICSF’s contract manager will notify the Contractor’s contract manager of the discrepancy. Such discrepancy must be corrected before payment is made. WFI CSF retains a contractual agreement with an administrative entity that requires the administrative entity to issue a payment warrant within fifteen (15) days after receipt of a payment request from WFICSF.