Payment Method Types Clause Samples
Payment Method Types. Project Agreements will be issued as either a fixed price milestone payment method or a cost reimbursement milestone payment method as described below.
Payment Method Types. Research Project Awards will be issued as either a fixed price milestone payment method or a cost reimbursement milestone payment method as described below.
Payment Method Types. Project Agreements will be issued as either a fixed price milestone payment method or expenditure based milestone payment method as described below. Fixed Price Milestone Payment Method: Payments shall be made in accordance with the Payable Milestone Schedule of each Project Agreement, provided the designated AOR has verified compliance with the Statement of Work and accomplishment of the stated effort. The Payable Milestone Schedule may be revised as appropriate and deemed necessary by issuance of a bilateral modification to the Project Agreement. Quarterly reviews by the AOR and the CMF will assess the need for revisions to the Payable Milestone Schedule. An acceptable invoice for adjustable fixed price milestone payments is one that: is addressed to the CMF and contains the CMF’s address: Advanced Technology International ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ Summerville, SC 29486 contains the date of invoice, invoice number, and the Base Agreement number and Project Agreement number (20XX-XXX, #X); identifies the milestone number and deliverable description for any milestone(s) that are complete; and lists the milestone cost contained in each Project Agreement Expenditure Based Milestone Payment Method (with not to exceed ceiling): Payment is contingent upon satisfactory progress toward completion of milestones as delineated in Project Agreement. Payment shall be made based on expenditures in completing milestones up to the maximum amount allowable under the applicable Project Agreement, provided the designated AOR has no objection to the Consortium Member’s compliance with the Statement of Work and accomplishment of the stated effort. Per (iii) below, either a Status Report identifying any associated technical tasks and the progress toward completion of each milestone, a Deliverable Report, or a Milestone Report is required concurrent with the invoice. An acceptable invoice for reimbursable payment is one that (on the invoice or on the attached Status, Deliverable, or Milestone Report in accordance with each Project Agreement): is addressed to the CMF and contains the CMF’s address: Advanced Technology International ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ Summerville, SC 29486 contains the date of invoice, invoice number, and the Base Agreement number and Project Agreement number (20XX-XXX, #X); identifies any associated technical milestones and the progress toward completion of each milestone; includes a description of supplies and services, labor costs, subcontractor costs, material costs, trav...
Payment Method Types. Each prototype project agreement will be awarded as either a fixed price milestone payment method or an expenditure based milestone payment method as described below.
Payment Method Types. The Recipient may be selected for either a fixed price milestone payment method, a cost reimbursement milestone payment method, or an expenditure based (non-milestone) with a not to exceed ceiling as described below.
Payment Method Types. Project Task Assignments will be issued as either a fixed price milestone payment method or a cost reimbursement milestone payment method as described below.
Payment Method Types. Each OTIA will be awarded as either a fixed price milestone payment method or a cost reimbursement milestone payment method as described below.
Payment Method Types. A Statement of Work will be issued as a fixed price milestone payment method as described below.
Payment Method Types