Fixed Price Milestone Payment Method. Payments shall be made in accordance with the Milestone Payment Schedule of each prototype project agreement, provided the designated AOR has verified compliance with the Statement of Work and accomplishment of the stated effort. An acceptable invoice for adjustable fixed price milestone payments is one that (on the invoice or on the Milestone Report): i. Is addressed to the CM and contains the CM’s address; Advanced Technology International 315 Sigma Dr. ii. contains the date of invoice and invoice number and the Base Agreement and prototype project agreement number; iii. identifies the milestone number and deliverable description for any milestone(s) that are complete; and iv. lists the milestone amount negotiated and contained in each prototype project agreement.
Appears in 2 contracts
Sources: Consortium Base Agreement, Consortium Base Agreement