Common use of Retention Amount Clause in Contracts

Retention Amount. During the implementation phase of this project, at least ten (10) percent of each invoice shall be withheld by the JBE and the aggregate amount withheld shall be paid to Contractor upon delivery and acceptance by JBE of the final implementation deliverable required by this Agreement and applicable Statement of Work. END OF EXHIBIT 8 CONTRACTOR EXPENSE AND TRAVEL REIMBURSEMENT GUIDELINES All travel-related expenses must be approved in advance by the JBE. The JBE policy and limits on reimbursable travel-related expenses are listed below. Lodging – Receipts are required and each day of lodging claimed must be listed separately. Maximum rates are listed below. 1. In-state - Actual costs are reimbursable up to a maximum per day rate of $250 for San Francisco county; $140 for Alameda, San Mateo, and Santa ▇▇▇▇▇ counties; $120 for Los Angeles, Orange and Ventura counties; and $110 for all other counties, plus tax and energy surcharge. 2. Out-of-state – Actual costs are reimbursable with appropriate prior approval. Meals – Actual costs are reimbursable up to the limits stated below for continuous travel of more than 24 hours. 1. Breakfast – Up to $8. 2. Lunch – Up to $12. 3. Dinner – Up to $20. For continuous travel of less than 24 hours, actual expenses up to the above limits may are reimbursable if: 1. Travel begins one hour before normal work hours – Breakfast may be claimed. 2. Travel ends one hour after normal work hours – Dinner may be claimed.