Invoice Approval and Processing Clause Samples
The Invoice Approval and Processing clause establishes the procedures and requirements for reviewing, approving, and handling invoices submitted under the agreement. Typically, it outlines the steps the recipient must take to verify the accuracy of invoices, the timeframe within which approval or rejection must occur, and any documentation or dispute processes involved. This clause ensures that payments are made only for valid and properly documented charges, promoting transparency and reducing the risk of payment errors or disputes.
Invoice Approval and Processing. All subconsultants shall prepare and submit their invoices on the same billing cycle and format as the Engineer (so as to be included in invoices submitted by the Engineer).
Invoice Approval and Processing. Payments shall be made upon the submission of complete and accurate invoices. The City shall review TPLs’ invoices and notify TPL in writing of exceptions within fifteen calendar days of receipt. If an invoice is not properly submitted, then a new 15-day review period will begin upon the City’s receipt of a corrected invoice. Once approved by the City, the City will make a good faith effort to process the payment within 45 calendar days. No expedition of payment or explanation of payment progress shall be made within the 45-day processing period. To expedite the approval process, TPL is encouraged to submit draft invoices for review before submitting a final invoice.
Invoice Approval and Processing. All sub consultants shall prepare and submit their invoices on the same billing cycle and format as the Engineer (so as to be included in invoices submitted by the Engineer), and in the event that the cycles are not concurrent, a detailed explanation will be submitted to the Mobility Authority.