Common use of Contract Price and Payment Terms Clause in Contracts

Contract Price and Payment Terms. 4.1. CAPCOG agrees to compensate the Contractor for the goods and services provided under this Contract, in a total amount not to exceed $ through December 31, 2021. 4.2. The compensation is payable as reimbursement for budgeted, allowable costs paid or incurred by Contractor in carrying out this Contract. Budgeted costs are described in Attachment A, Scope of Work - Budget section. 4.3. Contractor agrees to invoice CAPCOG on a monthly basis for reimbursable costs paid or incurred, itemized by monitoring station and task. For subtasks 3.1 – 3.5 of the Scope of Work, Contractor may group costs for each invoice by each subtask without itemizing the costs by monitoring station. Contractor agrees to submit with each invoice a monthly report of deliverables for the month, a schedule of planned activities for the remainder of the year, and, if CAPCOG requests, copies of timesheet records, purchase orders, receipts, paid invoices, and other documents evidencing Contractor's payment or incurrence of the costs for which reimbursement is requested. 4.4. Contractor agrees to certify each invoice as follows: The Contractor certifies that this invoice is correct and complete, that the amount requested has not been received. 4.5. CAPCOG agrees to pay Contractor the amount owed on each invoice within 30 calendar days after its receipt and acceptance by CAPCOG staff.

Contract Price and Payment Terms. 4.1. CAPCOG agrees to compensate the Contractor for the goods and services provided under this Contract, in a total amount not to exceed $ through December 31, 2021. 4.2. The compensation is payable as reimbursement for budgeted, allowable costs paid or incurred by Contractor in carrying out this Contract. Budgeted costs are described in Attachment A, Scope of Work - ‐ Budget section. 4.3. Contractor agrees to invoice CAPCOG on a monthly basis for reimbursable costs paid or incurred, itemized by monitoring station and task. For subtasks 3.1 – 3.5 of the Scope of Work, Contractor may group costs for each invoice by each subtask without itemizing the costs by monitoring station. Contractor agrees to submit with each invoice a monthly report of deliverables for the month, a schedule of planned activities for the remainder of the year, and, if CAPCOG requests, copies of timesheet records, purchase orders, receipts, paid invoices, and other documents evidencing Contractor's payment or incurrence of the costs for which reimbursement is requested. 4.4. Contractor agrees to certify each invoice as follows: The Contractor certifies that this invoice is correct and complete, that the amount requested has not been received. 4.5. CAPCOG agrees to pay Contractor the amount owed on each invoice within 30 calendar days after its receipt and acceptance by CAPCOG staff.