Deliverable Name Due Date Compensation Clause Samples

Deliverable Name Due Date Compensation. [Insert name of deliverable. Deliverable name here should be the same as the name used in the title line above the table.] [Due dates must be stated to facilitate Procuring Agency and Contractor’s efforts to monitor project progress. Insert actual date this deliverable is due. If an actual date is not available, enter a no later than date.] [Total Compensation not to exceed $ amount, including __% GRT of $ amount or excluding GRT; To be Paid (include frequency of payment, Monthly, Quarterly, Upon Review and Acceptance or if one payment, indicate Fixed Cost to Be Paid in Full Upon Invoice) at $ amount rate per hour, hours not to exceed XX. If retainage, include: Less __% retainage of $ amount.] Amount Payable on Acceptance Not to Exceed $ amount including or excluding GRT. Task Item Sub Tasks Description [Insert Name of Task 1 or tasks to be performed for each Deliverable.] Sub 1 through however many subtasks are needed to accomplish Task 1, which leads to the number of Tasks needed to accomplish Deliverable 1. [Insert Description. Use active verbs to describe the tasks and subtasks to be completed. Begin the statement by assigning responsibility for the party completing the task, for example, The Contractor will. Contractor name should not be used, only the term Contractor, as stated in the first sentence of this template. Also, references to the agency name should not be used, instead use Procuring Agency. Note that Contractor and Procuring Agency are capitalized.] [Include the expected deliverable and the agreed upon format. For example, weekly reports to be delivered in Word format, schedule to be delivered in Microsoft Project format. If there is a designated repository the Contractor should use for storing files, include here.] [Conclude with review and acceptance of the deliverable by the Procuring Agency.]