Common use of Payment Term-Payment in Arrears Clause in Contracts

Payment Term-Payment in Arrears. a. Monthly and bi-monthly invoices are to be submitted in arrears. Claims shall be invoiced bi-monthly on the 15th and End of Month (EOM). Administrative fees shall be invoiced monthly EOM. Contractor shall reference this Contract number on each invoice. Payment terms will be net 30 days of invoice date for administrative fees and net 15 days of invoice date for claims. Invoices shall cover services not previously invoiced. The Contractor shall reimburse County for any monies paid to the Contractor for services not provided or when services do not meet the Contract requirements. Payments made by the County shall not preclude the right of the County from thereafter disputing any items or services involved or billed under this Contract and shall not be construed as acceptance of any part of the services.