Common use of Monthly Invoices Based on Fixed Fee Clause in Contracts

Monthly Invoices Based on Fixed Fee. If the Vendor invoices monthly for a “fixed fee,” then the Vendor will base its monthly invoice on the percentage of work completed during the previous month. If the Vendor is entitled to reimbursable expenses and/or separate payment for subconsultant costs, the invoice will include such expenses and/or costs incurred during the previous month.