Billing Basis Sample Clauses
The Billing Basis clause defines the method and criteria by which charges for goods or services will be calculated and invoiced. It typically specifies whether billing will be based on time spent, milestones achieved, units delivered, or another measurable factor, and may outline the frequency and format of invoices. This clause ensures both parties have a clear understanding of how and when payments are determined, reducing the risk of disputes over billing and promoting transparency in the financial aspects of the agreement.
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Billing Basis. 1) The Capital Cost Allocation to customers is determined each time a water rate analysis is prepared by the City and is set for the ensuing rate period (usually 3 to 5 years). Each customer’s “committed” volume used to calculate the Capital Cost for the rate period shall be agreed upon between the City and the Customer based upon current usage and estimated increased water requirements during the rate period. The current Capital Cost is shown in Exhibit B.
2) Rates current as of the date of this agreement are shown on Exhibit B and are used as the basis for the customer ▇▇▇▇▇▇▇▇ according to the volume of water used. Periodically, but not to exceed two years, the City will calculate and report actual costs and retroactively adjust each customer’s charges (i.e., increase or decrease) to actual costs.
Billing Basis. Customer will be billed by us for Services for the hours spent at the prior agreed upon hourly rate (subject to revision at least once a year), or agreed fixed fee, as specified in our offer or quotation. Deliverables will be billed as quoted by us.
Billing Basis. 1) The Capital Cost Allocation to customers is determined each time a water rate analysis is prepared by the City and is set for the ensuing rate period (usually 3 to 5 years). Each customer’s “committed” volume used to calculate the Capital Cost for the rate period shall be agreed upon between the City and the Customer based upon current usage and estimated increased water requirements during the rate period. The current Capital Cost is shown in Exhibit B.
2) The Fixed and Variable Operating Costs shall be determined each year as part of the City’s budgeting process. Rates current as of the date of this agreement are shown on Exhibit B and are used as the basis for the customer ▇▇▇▇▇▇▇▇ according to the volume of water used. The City will calculate the unit Fixed and Variable Operating Costs for the period based upon projected operating costs and projected water use and will notify the customers of these rates (Exhibit C). These revised costs will be used as the basis for billing customers over the billing period. Periodically, but not to exceed two years, the City will calculate and report actual costs and retroactively adjust each customer’s charges (i.e., increase or decrease) to actual costs.
Billing Basis. MRP per Package will be defined and include the-