Common use of Contract Price and Payments Clause in Contracts

Contract Price and Payments. UNIDO shall pay the Contractor for the full and proper performance of its obligations under the Contract the sum of United States Dollars xxxxxxxxxxxxxxxxxxxxxxxx (USD xxxxxxxxxxx) (hereinafter referred to as the “Contract Price”). UNIDO shall pay the Contractor, for the full and proper performance of its obligations under this Contract, the fix and firm all-inclusive unit prices indicated in the Contractor’s Price List (Annex xx) which shall be valid for at least xx years (i.e. from xxxxxxxxxxxxxx to xxxxxxxxxxxxxxx). During the above period, the unit prices are fixed and not subject to escalation. However, in case of extension of the Contract, prices may be adjusted, if an when applicable, once a year to cover increase/decrease in labour costs, product costs or other direct costs if in conformity with the annual price adjustment published by the xxxxx . Such adjustment, if any, shall not be made before xxx and must be documented by the Contractor accordingly. UNIDO shall pay the Contractor for each e-mail work order placed by the UNIDO Focal Point or its representative(s) in accordance with the terms of this Contract. The Contractor acknowledges that total payments by UNIDO under this Contract shall not exceed the Contract Price. The amounts prescribed in Annex E are exclusive of Value Added Tax (VAT). The Not to Exceed (NTE) Amount of this Contract is Euro xxxxxxxxxxxxxxxxxxxxxx (€ xxxxxxxxxxx) (+ VAT) for the initial period of three (3) years. The total NTE Amount is not subject to escalation. It is to be understood that UNIDO is not obliged to purchase up to the whole amount of the Contract. This sum shall cover all expenses incurred by the Contractor including, but not limited to the cost of the equipment and supplies rendered at the Work Site, the complete engineering and technical services and technical documentation, the remuneration of the Contractor's personnel and all other compensations, insurance and social charges as well as its overheads, technical assistance and supervision costs. Partial payments may be allowed only upon additional agreement between UNIDO and the Contractor. In case the Contractor elects to propose a discount (SCONTO) for accelerated payment, the payment period shall be counted from the date of receipt by UNIDO of the Contractor’s invoice. The making of any payment hereunder by UNIDO shall not be construed as an unconditional acceptance by UNIDO of the Work accomplished, or the equipment or technical documentation delivered by the Contractor up to the time of such payment. No payment shall be released until receipt by UNIDO, along with the countersigned Contract, of the Bank Information Form, which shall be completed, signed and stamped by the Contractor.

Contract Price and Payments. UNIDO shall pay the Contractor for the full and proper performance of its obligations under the Contract the sum of United States Dollars xxxxxxxxxxxxxxxxxxxxxxxx (USD xxxxxxxxxxx) (hereinafter referred to as the “Contract Price”). UNIDO shall pay the Contractor, for the full and proper performance of its obligations under this Contract, the fix and firm all-inclusive unit prices indicated in the Contractor’s Price List (Annex xx) which shall be valid for at least xx years (i.e. from xxxxxxxxxxxxxx to xxxxxxxxxxxxxxx). During the above period, the unit prices are fixed and not subject to escalation. However, in case of extension of the Contract, prices may be adjusted, if an and when applicable, once a year to cover increase/decrease in labour costs, product costs or other direct costs if in conformity with the annual price adjustment published by the xxxxx . Such adjustment, if any, shall not be made before xxx and must be documented by the Contractor accordingly. UNIDO shall pay the Contractor for each e-mail work order placed by the UNIDO Focal Point or its representative(s) in accordance with the terms of this Contract. The Contractor acknowledges that total payments by UNIDO under this Contract shall not exceed the Contract Price. The amounts prescribed in Annex E are exclusive of Value Added Tax (VAT). The Not to Exceed (NTE) Amount of this Contract is Euro xxxxxxxxxxxxxxxxxxxxxx (€ xxxxxxxxxxx) (+ VAT) for the initial period of three (3) years. The total NTE Amount is not subject to escalation. It is to be understood that UNIDO is not obliged to purchase up to the whole amount of the Contract. The Contractor acknowledges that total payments by UNIDO under this Contract shall not exceed the Not to Exceed Amount. The amounts prescribed in Annex [x]are exclusive of Value Added Tax (VAT). This sum shall cover all expenses incurred by the Contractor including, but not limited to the cost of the equipment and supplies rendered at the Work Site, the complete engineering and technical services and technical documentation, the remuneration of the Contractor's personnel and all other compensations, insurance and social charges as well as its overheads, technical assistance and supervision costs. Partial payments may be allowed only upon additional agreement between UNIDO and the Contractor. In case the Contractor elects to propose a discount (SCONTO) for accelerated payment, the payment period shall be counted from the date of receipt by UNIDO of the Contractor’s invoice. The making of any payment hereunder by UNIDO shall not be construed as an unconditional acceptance by UNIDO of the Work accomplished, or the equipment or technical documentation delivered by the Contractor up to the time of such payment. No payment shall be released until receipt by UNIDO, along with the countersigned Contract, of the Bank Information Form, which shall be completed, signed and stamped by the Contractor.