Common use of Payment Clause Clause in Contracts

Payment Clause. The bill in triplicate may be sent to this office for settlement after satisfactorily completion of work. The bill should have full particulars of the items(s) and submitted in Original + Additional set (Marked as “not for payment”)+ E way bill format. 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. The contractor shall submit the bill only after successful supply of the Consumables, Chemicals and Reagents to the satisfaction of the NIMHANS, Bangalore, 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 supply of the Consumables, Chemicals and Reagents. The payment will be initiated only after satisfactory supply remarks from the end-user.