Contract Payment Terms Sample Clauses
The Contract Payment Terms clause defines the schedule, method, and conditions under which payments are to be made between parties in a contract. It typically outlines when invoices must be submitted, the timeframe for payment (such as net 30 days), and any penalties for late payments or discounts for early payment. By clearly specifying these details, the clause ensures both parties understand their financial obligations, reducing the risk of disputes and promoting timely and predictable cash flow.
Contract Payment Terms. Offerors must indicate the prompt payment terms that they will offer to the State (for example: 2/10 Net 30; 2/15 Net 30, etc.) At a minimum, offeror’s payment terms shall comply with the requirements of A.R.S. Titles 35 and 41, Net 30 days.
Contract Payment Terms. All interested consultants are invited to note that, if awarded the contract, Plan International’s standard terms of payment are 30 days upon the receipt of original and signed invoice in hard copy, or after acceptance of the Goods/Services/Works, if later. Payment will be made in three stages (Stage 1 - 20% after agreement/engagement letter is signed, stage 2 - 40% after submission of the draft audit reports and stage 3 - 40% after approval of final audit reports).
Contract Payment Terms. (page 11 of the RFP)
Contract Payment Terms. Transactive has previously paid to ▇▇▇ $1,862,038 of the minimum subcontract value of $13,662,555, leaving a remaining balance due of $11,800,517. Transactive shall pay ▇▇▇ the balance due of $11,800,517 by monthly payments based on a per card price as set forth below.
Contract Payment Terms