Common use of Timing of the Grant Clause in Contracts

Timing of the Grant. 4.1 The payment will be made in two instalments of equal share, if the schedule differs you will be informed in writing. The first made on return of the Acceptance of Grant Form at Appendix A and the submission of an invoice. a) Half Year Monitoring and Evaluation Report and the submission of an invoice to be received by 10th October 2019 b) Final Evaluation Report accompanied by an End of Year Financial Monitoring Report, will need completion for the end of the financial year (to be sent to the OPCC by 10 April 2020) to provide an overall conclusion of the project. 4.2 In order for payments to be released the OPCC will require the Recipient to: a) have signed and returned a copy of the Grant Agreement; b) have provided the appropriate bank details; c) be in compliance with the terms and conditions of this Grant agreement; and d) have provided an invoice addressed to the Bedfordshire Police and Crime Commissioner e) have completed and returned full Reports as mentioned in 5.1 f) have completed detailed breakdown of expenditure in delivering the Support Service 4.3 Reporting schedule agreed is …………………. a) Monthly Monitoring Reporting – to be sent by 10th of each Month

Timing of the Grant. 4.1 The payment will be made in two instalments of equal share, if the schedule differs you will be informed in writing. The first made on return of the Acceptance of Grant Form at Appendix A and the submission of an invoice.. The second will be paid after submission of the: a) Half Year Monitoring and Evaluation Report and the submission of an invoice to be received by 10th October 2019 b) Final Evaluation Report accompanied by an End of Year Financial Monitoring Report, will need completion for the end of the financial year (to be sent to the OPCC by 10 April 2020) to provide an overall conclusion of the project. 4.2 In order for payments to be released the OPCC will require the Recipient to: a) have signed and returned a copy of the Grant Agreement; b) have provided the appropriate bank details; c) be in compliance with the terms and conditions of this Grant agreement; and d) have provided an invoice addressed to the Bedfordshire Police and Crime Commissioner e) have completed and returned full Reports as mentioned in 5.1 f) have completed detailed breakdown of expenditure in delivering the Support Service 4.3 Reporting schedule agreed is ………………….is: Quarterly Monitoring Reporting (b) a) Monthly Monitoring Reporting – to be sent by 10th of each Month