Payment Schedule and Terms Clause Samples

Payment Schedule and Terms. Payment shall occur as follows: 50% signing Agreement ($ ) 25% Progress Payment at 50% fabrication completion 15% Progress Payment at fabrication completion 10% upon completion and acceptance by the City ($ ) Invoices shall be submitted by Artist to the City for each payment and payment shall be made within 30 days of receipt. Artist shall pay all subcontractors promptly. Payment upon completion and acceptance shall not occur until a notice is advertised in accordance with Section ▇▇-▇▇-▇▇▇, C.R.S. The City will not make payment for completion and acceptance until it has accepted maintenance instructions for the Project.

Payment Schedule and Terms. Payment shall occur as follows: $30,000.00 upon completion and acceptance by the City. An invoice shall be submitted by Artist to the City and payment shall be made within 30 days of receipt. Artist shall pay all subcontractors promptly. The City will not make payment for completion and acceptance until it has accepted maintenance instructions for the Project.

Payment Schedule and Terms. The following represents the payments to be received by Colleagues on Call from Customer, and the scheduled payment dates. The term of the contract runs from execution through March 21st, 2024. • Customer will be invoiced $6,500.00 close to August 8th, 2023 with payment expected by mail within 30 days following delivery of services. • Customer will be invoiced $6,500.00 close to October 12th, 2023 with payment expected by mail within 30 days following delivery of services. • Customer will be invoiced $6,500.00 close to March 21st, 2024 with payment expected by mail within 30 days following delivery of services. PAYMENT CHECK to be written to: Colleagues on Call PAYMENT CHECK to be mailed to: Colleagues on Call ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇-▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ By signing in the spaces provided below, Colleagues on Call and Customer agree to the terms and conditions of this Agreement. This agreement reflects the entire understanding in writing and supersedes any communications and/or agreements concerning this contract. Signature Date Signature Date Printed Name and Title ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, owner/consultant Who will be the contact person for the work? Contact Title Phone Email Fax Contact Address Phone Email Fax

Payment Schedule and Terms i. The project fee set forth in this Agreement is a sum not to exceed the amount set forth above for all services performed and expenses incurred under this Agreement. ii. The project fee includes direct labor costs, overhead costs, and direct (expense) costs, including materials, supplies, equipment, costs for travel, reproduction costs, and telephone, facsimile, and computer use incurred during the billing period. iii. The Consultant shall maintain time and expense records and provide them not more frequently than monthly to the City, along with invoices in a format acceptable to the City for work performed to the date of invoice. The iv. The Consultant shall keep cost records and accounts pertaining to this Agreement available for inspection by the City’s representative for three (3) years after final payment. The Consultant will provide copies to the City upon request at no additional charge. v. If the services rendered do not meet the requirements of the Agreement, the Consultant will correct or modify the work to comply with the Agreement. The City may withhold payment for such work until the work meets the requirements of the Agreement.

Payment Schedule and Terms. 5.1 Initial Payment 11 5.2 Subsequent Payment 12 5.3 Monthly Invoicing 12 5.4 Interest Charges 12 5.5 Credit of Payments 12 5.6 Deductions 13 5.7 Delay, Suspension, Abandonment of Project 13 5.8 Automatic Escalator 13

Payment Schedule and Terms. Payments to the Golf Course Designer shall be made as described in this Subsection.

Payment Schedule and Terms. CZU will pay the costs of the Work in accordance with the budget approved by UNDP. Payment to the Subcontractor’s bank account will occur within 30 calendar days of receiving funds from UNDP for each respective deliverable and monitoring period. Payments from UNDP to CZU are structured based on deliverables, which align with monitoring periods specified in the Contract, as detailed in the preliminary schedule: Deliverable 1: Payment will follow the completion and approval of monitoring reports, FACE forms, and any other supporting documentation specified by the UNDP during the Project implementation. Subsequent Deliverables: Payments are contingent on the successful submission and approval of reports and documentation for each deliverable, as outlined in the monitoring periods and Project timeline specified in the Contract. CZU will communicate the finalized payment schedule to the Subcontractor after receiving the detailed schedule from UNDP.

Payment Schedule and Terms. NYSERDA will pay the contract sum to Contractor in accordance with the following milestones schedule: NYSERDA Returns Signed Contract 50% Progress Payment Due $37,500 NYSERDA Approves Task 2 Deliverables 25% Progress Payment Due $18,750 NYSERDA Approves Task 3 & 4 Deliverables 25% Progress Payment Due $18,750