Common use of Contract Price and Payment Terms Clause in Contracts

Contract Price and Payment Terms. 5.1. For work performed under this agreement, CAPCOG agrees to compensate PUBLIC AGENCY an amount not to exceed $490,870.25. 5.2. PUBLIC AGENCY agrees to invoice CAPCOG as follows for deliverables as described in Attachment A for these quarters: October 1, 2024 – December 31, 2024: $122,717.56, invoice due by close of business, Monday, January 13, 2025; January 1, 2025 – March 31, 2025: $122,717.56, invoice due by close of business, Monday, April 7, 2025; April 1, 2025 – June 30, 2025: $122,717.56, invoice due by close of business, Monday, July 7, 2025; and July 1, 2025 – September 30, 2025: $122,717.57, invoice due by close of business, Monday, October 13, 2025. Timely submission of invoices will be considered in CAPCOG’s evaluation of PUBLIC AGENCY’s performance of this ILA, and CAPCOG reserves the right to reject any invoice submitted more than 90 days after the end of each quarter. 5.3. PUBLIC AGENCY agrees to submit a performance report along with each invoice in accordance with the scope of work in Attachment A. If CAPCOG determines that PUBLIC AGENCY has not met performance expectations described in Attachment A, CAPCOG will provide a written explanation to PUBLIC AGENCY, and PUBLIC AGENCY agrees to provide, within five business days, a comprehensive explanation of the performance deficiency and a plan for achieving performance targets during the next quarter. 5.4. CAPCOG agrees to pay invoices within 30 days after receiving a correct invoice, after CAPCOG determines that the PUBLIC AGENCY has fulfilled its obligations for the quarter in accordance with Attachment A. 5.5. CAPCOG reserves the right to reject in whole or part a quarterly invoice in part or in whole if PUBLIC AGENCY has not adequately fulfilled its obligations under this ILA.

Contract Price and Payment Terms. 5.1. For work performed under this agreement, CAPCOG agrees to compensate PUBLIC AGENCY an amount not to exceed $490,870.25449,313.85. 5.2. PUBLIC AGENCY agrees to invoice CAPCOG as follows for deliverables as described in Attachment A for these quarters: October 1, 2024 2022 – December 31, 20242022: $122,717.56112,328.46, invoice due by close of business, MondayTuesday, January 139, 2025; 2023 January 1, 2025 2023 – March 31, 20252023: $122,717.56112,328.46, invoice due by close of business, MondayFriday, April 7, 20252023; April 1, 2025 2023 – June 30, 20252023: $122,717.56112,328.46, invoice due by close of business, Monday, July 710, 20252023; and July 1, 2025 2023 – September 30, 20252023: $122,717.57112,328.47, invoice due by close of business, MondayFriday, October 136, 20252023. Timely submission of invoices will be considered in CAPCOG’s evaluation of PUBLIC AGENCY’s performance of this ILA▇▇▇, and CAPCOG reserves the right to reject any invoice submitted more than 90 days after the end of each quarter. 5.3. PUBLIC AGENCY agrees to submit a performance report along with each invoice in accordance with the scope of work in Attachment A. If CAPCOG determines that PUBLIC AGENCY has not met meet performance expectations described in Attachment A, CAPCOG will provide a written explanation to PUBLIC AGENCY, and PUBLIC AGENCY agrees to provide, within five business days, a comprehensive explanation of the performance deficiency and a plan for achieving performance targets during the next quarter. 5.4. CAPCOG agrees to pay invoices within 30 days after receiving a correct invoice, after CAPCOG determines that the PUBLIC AGENCY has fulfilled its obligations for the quarter in accordance with Attachment A. 5.5. CAPCOG reserves the right to reject in whole or part a quarterly invoice in part or in whole if PUBLIC AGENCY has not adequately fulfilled its obligations under this ILA▇▇▇.

Contract Price and Payment Terms. 5.1. For work performed under this agreement, CAPCOG agrees to compensate PUBLIC AGENCY an amount not to exceed $490,870.25419,672.60. 5.2. PUBLIC AGENCY agrees to invoice CAPCOG as follows for deliverables as described in Attachment A for work performed during these quarters: October January 1, 2024 2022 – December March 31, 20242022: $122,717.56139,890.87, invoice due by close of business, MondayWednesday, January 13April 7, 20252022; January April 1, 2025 2022 – March 31June 30, 20252022: $122,717.56139,890.87, invoice due by close of business, MondayThursday, April 7July 8, 20252021; April and July 1, 2025 2022 – June September 30, 20252022: $122,717.56139,890.86, invoice due by close of business, MondayThursday, July October 7, 2025; and July 1, 2025 – September 30, 2025: $122,717.57, invoice due by close of business, Monday, October 13, 20252021. Timely submission of invoices will be considered in CAPCOG’s evaluation of PUBLIC AGENCY’s performance of this ILA▇▇▇, and CAPCOG reserves the right to reject any invoice submitted more than 90 days after the end of each quarter. 5.3. PUBLIC AGENCY agrees to submit a performance report along with each invoice in accordance with the scope of work in Attachment A. If CAPCOG determines that PUBLIC AGENCY has not met meet performance expectations described in Attachment A, CAPCOG will provide a written explanation to PUBLIC AGENCY, and PUBLIC AGENCY agrees to provide, within five business days, a comprehensive explanation of the performance deficiency and a plan for achieving performance targets during the next quarter. 5.4. CAPCOG agrees to pay invoices within 30 days after receiving a correct invoice, after CAPCOG determines that the PUBLIC AGENCY has fulfilled its obligations for the quarter in accordance with Attachment A.quarter. 5.5. CAPCOG reserves the right to reject in whole or part a quarterly invoice in part or in whole if PUBLIC AGENCY has not adequately fulfilled its obligations under this ILA▇▇▇.