DOLLARS AND ZERO CENTS Sample Clauses
The "Dollars and Zero Cents" clause specifies that all monetary amounts referenced in the agreement are to be interpreted as whole dollars, with no fractional cents included. In practice, this means that any payment, fee, or financial obligation stated in the contract will be rounded to the nearest dollar, and parties are not required to account for or pay amounts less than one dollar. This clause ensures clarity in financial transactions by eliminating ambiguity over small amounts and simplifying accounting and payment processes.
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DOLLARS AND ZERO CENTS. Vendor shall be paid in accordance with the Compensation set forth on Exhibit B attached hereto and incorporated herein by this reference. To receive payment, Vendor must submit itemized invoices to the Agreement Administrator before the 20th day of the preceding month. Upon receipt of an invoice/payment request, the Agreement Administrator will review the request, and shall authorize or deny payment. Payment shall be made after authorization of payment by the Agreement Administrator in accordance with County policies and procedures. If applicable, County shall withhold 3% of each invoice/payment request until final settlement as provided in CRS 2491103. Upon publication of Notice of Final Settlement, it shall be the responsibility of the Vendor to prepare a written request for retainage withheld. At the time of completion, a lien waiver delivered to the County, from all suppliers, subcontractors, and the general contractor is required for the request to be considered.
DOLLARS AND ZERO CENTS. The above Total Contract Sum includes all allowances, if any, provided for in the Contract Documents. Compensation for Unit Price Items shall be based upon the unit prices stated in the above schedule multiplied by the actual quantities or units of work and materials performed or furnished. Unit prices paid by the City may change depending on actual quantities or units of work completed in accordance with the Contract Documents.