Payment Model Sample Clauses
The Payment Model clause defines the structure and method by which payments will be made under an agreement. It typically outlines whether payments are to be made as a lump sum, in installments, upon reaching certain milestones, or based on time and materials. This clause ensures both parties understand when and how much payment is due, reducing the risk of disputes over compensation and providing a clear framework for financial transactions throughout the contract.
Payment Model. 1.9.1 The principles that underpin the funding model can be found in Annex C.
1.9.2 Within the Funding Model, there are four pay bands which relate to the various levels of assurance a customer can attain (the table below identifies the pay banding and the appropriate level of assurance). Pay band 4 equates to 100% of the unit cost and will be used as the base payment. Pay bands 1 – 3 are then assigned a weighting according to their level of importance to the Department and their payments will be applied according to the weighting.
Payment Model. 3.1 The Partner shall be listed on the Platform by the Company free of cost.
3.2 The Partner shall have to make payments for the paid services in line with the respective payment terms communicated to the Partner.
3.3 For every successful booking or sale made with the Partner’s institution through the Platform, the Company shall be liable for a commission out of the amount of booking made as has been communicated by the Company to the Partner.
3.4 The Software that shall be licensed by the Company to the Partner shall be on an annual subscription based model for which the terms and conditions have been set out in our SaaS License Agreement.
Payment Model. Within one working day after the contract hereto is signed, Party A shall pay Party B a total lease fee at one time, and the total lease fee shall be paid in one lump sum.
Payment Model. 5.9.1 The Supplier will be paid according to the pricing schedule provided. Prices must not exceed those provided as part of their tender but may reflect volume discounts etc.
5.9.2 All prices must include any machining, picking and delivery/travel costs. These costs will not be paid separately. Suppliers are asked to provide a breakdown of prices in the pricing schedule provided. This should as a minimum include: • Manufacturing/Raw Material Costs • Distribution/Delivery Cost (to be a flat rate, irrespective of delivery distance) • Margin
5.9.3 Following the award of contract, prices will be firm for the first six (6) months of the contract after which either the Supplier or Authority may request a price review.
5.9.4 Either the Supplier or Authority may request a price review once every six (6) months to take account of any changes in market conditions. Any changes shall be considered through the change control process outlined in the terms and conditions. No changes shall be applied until a contract variation form is signed by both parties and received by the Authority.
5.9.5 Any change in the Contract Price will be subject to the Supplier providing documented evidence of unavoidable changes in costs in the supply chain, and in consideration of relevant trade indices. This evidence shall include a detailed breakdown of costings in line with the price breakdown provided in the pricing schedule. For example: Current price breakdown Current Price New Price New price breakdown Manufacturing/Raw Materials Cost 85% £85 10% increase in manufacturing costs (£8.50) £93.50 85.4% Distribution/Delivery Cost 5% £5 £5 4.6% Margin 10% £10 £10.94 10% Total Price 100% £100 £109.44 100% Overall price change from £100 to £109.44 = 9.44% increase (accepted as it’s 5%+) Current price breakdown Current Price New Price New price breakdown Manufacturing/Raw Materials Cost 85% £85 5% increase in Delivery Cost (£0.25) £85 84.77% Distribution/Delivery Cost 5% £5 £5.25 5.23% Margin 10% £10 £10.03 10% Total Price 100% £100 £100.28 100% Overall price change from £100 to £100.28 = 0.28% increase (rejected as less than 5%)
5.9.6 At each review point, where prices have fluctuated by less than 5% from the current contract prices, they will remain unchanged until the next six-monthly review.
5.9.7 Where prices have fluctuated by 5% or more above or below the current contract prices, this must have been sustained for a continuous period of at least 30 days before any change to the contrac...
Payment Model. The Supplier will be paid according to the pricing schedule provided. Prices must not exceed those provided as part of their tender but may reflect volume discounts etc.
Payment Model. 6.1. The Employer will receive a grant to cover employment, overheads and deliverables in return for providing the services described in the CD job description (Appendix 1).
6.2. If any funding remains unspent at the end of the period of the Agreement, then it shall be repaid to One Northern Devon or, at its sole discretion, allocated to the One Community.
Payment Model