Common use of INVOICING/COMPENSATION SCHEDULE Clause in Contracts

INVOICING/COMPENSATION SCHEDULE. Subject to the condition precedent set forth in this Agreement, Owner will make progress payments to Contractor. The progress payment amounts shall be based on the Owner and Contractor agreed upon Work Breakdown Structure (WBS) with assigned Schedules of Value (SOV) submitted by the Contractor within two (2) weeks after award of work/services under this Agreement. The maximum monthly compensation amount under this Agreement shall not exceed the value established under the submitted WBS/SOV, excluding New Mexico Gross Receipts Tax, for the portion of the Work performed and completed in the preceding month in accordance with monthly invoices prepared by Contractor and as approved by Owner. The specified payable amount shall be based on and paid for satisfactorily completion of services under this agreement. For services contained in the WBS/SOV that are not satisfactorily completed, payment shall be payable for the portion satisfactorily completed. Contractor must submit detailed statements accounting for all services performed, goods obtained, and expenses incurred. Invoices must be supported by approved purchase order or equivalent document and invoice by the supplier, evidencing the propriety of each claim for payment. Contractor shall certify that labor charges to the contract are direct charges and shall maintain records of wages, dates worked, and hours worked to support the certifications. If the Owner finds that the statement, services, goods, or expenses are not acceptable, within 30 days after the date of receipt of (i) written notice from the Contractor that payment is requested, and (ii) all supporting documentation, the Owner shall provide the Contractor a letter of exception explaining the defect or objection to the statement, services, goods, or expenses, and outlining steps the Contractor may take to provide remedial action. Upon the Owner's certification that the statement, supporting documentation, services, goods, or expenses have been received and accepted, Owner shall tender payment to the Contractor within 30 days after the date of acceptance. If payment is made by mail, the payment shall be deemed tendered on the date it is postmarked. However, the Owner shall not incur late charges, interest, or penalties, for failure to make payment within the time specified herein.

INVOICING/COMPENSATION SCHEDULE. Subject to the condition precedent set forth in Part I of this Agreement, Owner District will make progress payments to Contractor. The progress payment amounts shall be based on the Owner District and Contractor agreed upon Work Breakdown Structure (WBS) with assigned Schedules of Value value (SOV) submitted by the Contractor within two (2) weeks after award of work/services under this the Agreement. The maximum monthly compensation amount under this Agreement shall not exceed the value established under the submitted WBS/SOV, excluding including New Mexico Gross Receipts Tax, for the portion of the Work performed and completed in the preceding month in accordance with monthly invoices prepared by Contractor and as approved by OwnerDistrict. The specified payable amount shall be based on and paid for satisfactorily upon satisfactory completion of services under this agreement. For services contained in the WBS/SOV that are not satisfactorily completed, payment shall be payable for the portion satisfactorily completed. Contractor must submit detailed statements accounting for all services performed, goods obtained, and expenses incurred. Invoices must be supported by approved purchase order or equivalent document documentation and invoice by the supplier, evidencing the propriety of each claim for payment. Contractor shall certify that labor charges to the contract are direct charges and shall maintain records of wages, dates worked, and hours worked to support the certifications. If the Owner District finds that the statement, services, goods, or expenses are not acceptable, within 30 days after the date of receipt of (i) written notice from the Contractor that payment is requested, and (ii) all supporting documentation, ; the Owner District shall provide the Contractor a letter of exception explaining the defect or objection to the statement, services, goods, or expenses, and outlining steps the Contractor may take to provide remedial action. Upon the Owner's District’s certification that the statement, supporting documentation, services, goods, or expenses have been received and accepted, Owner District shall tender payment to the Contractor within 30 days after the date of acceptance. If payment is made by mail, the payment shall be deemed tendered on the date it is postmarked. However, the Owner District shall not incur late charges, interest, or penalties, for failure to make payment within the time specified herein.. S It is anticipated that some or all of the District’s costs under this Agreement shall be eligible for the “E-Rate” discount under the Federal Communications Commission (FCC) Universal Service Provision. Accordingly, contingent upon the District’s receipt of a funding commitment decision letter (FCDL) from SLD/USAC and both District’s and Contractor’s compliance with all the SLD/USAC guidelines, vendor shall offer an SLD/USAC discounted invoice payment option. In providing the two-tier billing system or discounted invoice payment option, Contractor will be required to recover its compensation for the approved E-Rate eligible discounted services, which can be from twenty percent (20%) up to ninety percent (90%), directly from the Schools and Libraries Division (SLD) of the Universal Service Administration Company (USAC) in accordance with procedures established by the FCC and SLD/USAC. The Contractor’s invoices will itemize/breakdown the costs of all E-Rate eligible products and/or services from all non- E-Rate eligible products and/or services. To determine which items are eligible, visit the SLD/USAC E-Rate eligible services list xxxxx://xxx.xxxx.xxx/e-rate/applicant- process/before-you-begin/eligible-services-list/

INVOICING/COMPENSATION SCHEDULE. Subject to the condition precedent set forth in Part I of this Agreement, Owner Agency will make progress payments to Contractor. The progress payment amounts shall be based on the Owner Agency and Contractor agreed upon Work Breakdown Structure (WBS) with assigned Schedules of Value (SOV) submitted by the Contractor within two (2) weeks after award of work/services under this Agreement. The maximum monthly compensation amount under this Agreement shall not exceed the value established under the submitted WBS/SOV, excluding including New Mexico Gross Receipts Tax, for the portion of the Work performed and completed in the preceding month in accordance with monthly invoices prepared by Contractor and as approved by OwnerAgency. The specified payable amount shall be based on and paid for satisfactorily completion of services under this agreement. For services contained in the WBS/SOV that are not satisfactorily completed, payment shall be payable for the portion satisfactorily completed. Contractor must submit detailed statements accounting for all services performed, goods obtained, and expenses incurred. Invoices must be supported by approved purchase order or equivalent document and invoice by the supplier, evidencing the propriety of each claim for payment. Contractor shall certify that labor charges to the contract are direct charges and shall maintain records of wages, dates worked, and hours worked to support the certifications. If the Owner Agency finds that the statement, services, goods, or expenses are not acceptable, within 30 days after the date of receipt of (i) written notice from the Contractor that payment is requested, and (ii) all supporting documentation, the Owner Agency shall provide the Contractor a letter of exception explaining the defect or objection to the statement, services, goods, or expenses, and outlining steps the Contractor may take to provide remedial action. Upon the OwnerAgency's certification that the statement, supporting documentation, services, goods, or expenses have been received and accepted, Owner Agency shall tender payment to the Contractor within 30 days after the date of acceptance. If payment is made by mail, the payment shall be deemed tendered on the date it is postmarked. However, the Owner Agency shall not incur late charges, interest, or penalties, for failure to make payment within the time specified herein. It is anticipated that some or all of the District’s costs under this Agreement shall be eligible for the “E-Rate” discount under the Federal Communications Commission (FCC) Universal Service Provision. Accordingly, contingent upon the District’s receipt of a funding commitment decision letter (FCDL) from SLD/USAC and both District’s and Contractor’s compliance with all the SLD/USAC guidelines, vendor shall offer an SLD/USAC discounted invoice payment option. In providing the two-tier billing system or discounted invoice payment option, Contractor will be required to recover its compensation for the approved E-Rate eligible discounted services, which can be from twenty percent (20%) up to eighty five percent (85%), directly from the Schools and Libraries Division (“SLD”) of the Universal Service Administration Company (“USAC”) in accordance with procedures established by the FCC and SLD/ USAC. The Contractor’s invoices will itemize/breakdown the costs of all E-Rate eligible products and/or services from all non-E-Rate eligible products and /or services. To determine which items are eligible, visit the SLD/ USAC E-Rate eligible services list xxxx://xxx.xxxx.xxx/sl/applicants/beforeyoubegin/eligible-services-list.aspx.

INVOICING/COMPENSATION SCHEDULE. Subject to the condition precedent set forth in Part II of this Agreement, Owner District will make progress payments to Contractor. The progress payment amounts shall be based on the Owner District and Contractor agreed upon Work Breakdown Structure (WBS) with assigned Schedules of Value (SOV) submitted by the Contractor within two (2) weeks after award of work/services under this Agreement. The maximum monthly compensation amount under this Agreement shall not exceed the value established under the submitted WBS/SOV, excluding including New Mexico Gross Receipts Tax, for the portion of the Work performed and completed in the preceding month in accordance with monthly invoices prepared by Contractor and as approved by OwnerDistrict. The specified payable amount shall be based on and paid for satisfactorily upon satisfactory completion of services under this agreement. For services contained in the WBS/SOV SOW that are not satisfactorily completed, payment shall be payable for the portion satisfactorily completed. Contractor must submit detailed statements accounting for all services performed, goods obtained, and expenses incurred. Invoices must be supported by approved purchase order or equivalent document and invoice by the supplier, evidencing the propriety of each claim for payment. Contractor shall certify that labor charges to S the contract are direct charges and shall maintain records of wages, dates worked, and hours worked to support the certifications. If the Owner District finds that the statement, services, goods, or expenses are not acceptable, within 30 days after the date of receipt of (i) written notice from the Contractor that payment is requested, and (ii) all supporting documentation, the Owner District shall provide the Contractor a letter of exception explaining the defect or objection to the statement, services, goods, or expenses, and outlining steps the Contractor may take to provide remedial action. Upon the Owner's District’s certification that the statement, supporting documentation, services, goods, or expenses have been received and accepted, Owner District shall tender payment to the Contractor within 30 days after the date of acceptance. If payment is made by mail, the payment shall be deemed tendered on the date it is postmarked. However, the Owner District shall not incur late charges, interest, or penalties, for failure to make payment within the time specified herein.. It is anticipated that some or all of the District’s costs under this Agreement shall be eligible for the “E-Rate” discount under the Federal Communications Commission (FCC) Universal Service Provision. Accordingly, contingent upon the District’s receipt of a funding commitment decision letter (FCDL) from SLD/USAC and both District’s and Contractor’s compliance with all the SLD/USAC guidelines, vendor shall offer an SLD/USAC discounted invoice payment option. In providing the two- tier billing system or discounted invoice payment option, Contractor will be required to recover its compensation for the approved E-Rate eligible discounted services, which can be from twenty percent (20%) up to ninety percent (90%), directly from the Schools and Libraries Division (SLD) of the Universal Service Administration Company (USAC) in accordance with procedures established by the FCC and SLD/USAC. The Contractor’s invoices will itemize/breakdown the costs of all E- Rate eligible products and/or services from all non-E-Rate eligible products and/or services. To determine which items are eligible, visit the SLD/USAC E-Rate eligible services list xxxxx://xxx.xxxx.xxx/e-rate/applicant-process/before-you- begin/eligible-services-list/ C-1. Exclusion of Liability for E-Rate Funding. The District shall have no liability for the E-Rate Portion of any costs incurred by the Contractor’s invoice if one of the following occurs: