Common use of Payment Clause Clause in Contracts

Payment Clause. i. The bill in triplicate may be sent to this office for settlement after satisfactorily delivery of the material. The bill should have full particulars of the items(s). ii. Payment shall be released after it is ensured that the items/quantity and quality of items supplied are to the entire satisfaction of this office and accepted. If any item is found to be defective, or not of the desired quality, the same shall be replaced by the supplier immediately, for which no extra payment shall be made by AIIMS, Jodhpur. iii. No payment shall be made in advance nor shall the loan from any bank or financial institutions be recommended on the basis of the order of award of work. iv. The contractor shall submit the bill only after supply of the material to the satisfaction of the AIIMS Jodhpur, on receipt of a pre-receipted bill invoice from the Contractor the case of issuing sanction and passing of bill for payment will be initiated. No payment will be made for goods rejected. v. The supplier shall not claim any interest on delay payment under the contract. vi. No revision in rate (on higher side) will be accepted during contract period. vii. The payment would be made for actual supply received and no claim in this regard should be entertained.

Payment Clause. i. The bill in triplicate may be sent to this office Central Store, AIIMS Jodhpur for settlement after satisfactorily delivery of the material. The bill should have full particulars of the items(s). ii. Payment shall be released after it is ensured that the items/quantity and quality of items supplied are to the entire satisfaction of this office and accepted. If any item is found to be defective, or not of the desired quality, the same shall be replaced by the supplier immediately, for which no extra payment shall be made by AIIMS, Jodhpur. iii. No payment shall be made in advance nor shall the loan from any bank or financial institutions be recommended on the basis of the order of award of work. iv. The contractor shall submit the bill only after supply of the material to the satisfaction of the AIIMS Jodhpur, on receipt of a pre-receipted bill / invoice from the Contractor the case of issuing sanction and passing of bill for payment will be initiated. No payment will be made for goods rejected. v. The supplier shall not claim any interest on delay payment under the contract. vi. No revision in rate (on higher side) will be accepted during contract period. vii. The payment would be made for actual supply received and no claim in this regard should be entertained.