GENERAL AND CONTRACTUAL CONDITIONS. The contract between WHO and the selected bidder ("the Contract") will, unless otherwise explicitly agreed in writing, include the provisions as set forth in this section, and will otherwise inter alia address the following issues: responsibilities of the selected bidder(s) ("the Contractor(s)") and WHO; clear deliverables, timelines and acceptance procedures; payment terms tied to the satisfactory performance and completion of the work; notices. The prices payable by WHO for the work to be performed under the Contract shall be fixed for the duration of the Contract and shall be in a UN convertible currency (preferably US Dollars), based on the UN exchange rate of the date of invoice. The total amount payable by WHO under the Contract may be either a lump sum or a maximum amount. If the option for payment of a lump sum applies, that lump sum is payable in the manner provided, subject to satisfactory performance of the work. If the option for payment of a maximum amount applies: - the Contract shall include a detailed budget; - the Contractor shall be held to submit a financial statement together with each invoice; - any advance payments by WHO shall be used by the Contractor exclusively for the work in accordance with the budget and any unspent balance shall be refunded to WHO; - payment by WHO shall be subject to satisfactory performance and the acceptance of the Contractor's financial statements;
Appears in 1 contract
Sources: Agreement for Performance of Work
GENERAL AND CONTRACTUAL CONDITIONS. The contract between WHO and the selected bidder ("the Contract") will, unless otherwise explicitly agreed in writing, include the provisions as set forth in this section, and will otherwise inter alia address the following issues: • responsibilities of the selected bidder(s) ("the Contractor(s)") and WHO; • clear deliverables, timelines and acceptance procedures; • payment terms tied to the satisfactory performance and completion of the work; • notices. The prices payable by WHO for the work to be performed under the Contract shall be fixed for the duration of the Contract and shall be in a UN convertible currency (preferably US Dollars), based on the UN exchange rate of the date of invoice. The total amount payable by WHO under the Contract may be either a lump sum or a maximum amount. If the option for payment of a lump sum applies, that lump sum is payable in the manner provided, subject to satisfactory performance of the work. If the option for payment of a maximum amount applies: - the Contract shall include a detailed budget; - the Contractor shall be held to submit a financial statement together with each invoice; - any advance payments by WHO shall be used by the Contractor exclusively for the work in accordance with the budget and any unspent balance shall be refunded to WHO; - payment by WHO shall be subject to satisfactory performance and the acceptance of the Contractor's financial statements;
Appears in 1 contract
Sources: Long Term Agreement for Conducting Medical Research, Assessments, and Surveys