Common use of Procurement/Payment Terms/Method Clause in Contracts

Procurement/Payment Terms/Method. The selected FSMC shall invoice SFA at the end of each month for amounts due based on on-site records. The SFA shall make payments within 30 business days of the invoiced date. Upon termination of the awarded contract, all outstanding amounts shall immediately become due and payable. This RFP specifies the meal price structure as a maximum flat price per meal. The maximum flat price per meal includes the allowable direct costs of the preparation and service of the reimbursable meals including food, labor, and other expenses. SFA’s must use this FSMC Fixed Price Prototype Contract for fixed price proposals in order to be eligible for reimbursement under USDA Child Nutrition Programs. Any changes to the prototype contract must be reviewed by USBE prior to execution of the awarded contract.

Procurement/Payment Terms/Method. The selected FSMC shall invoice SFA at the end of each month for amounts due based on on-site records. The SFA shall make payments within 30 _10 business days of the invoiced date. Upon termination of the awarded contract, all outstanding amounts shall immediately become due and payable. This RFP specifies the meal price structure as a maximum flat price per meal. The maximum flat price per meal includes the allowable direct costs of the preparation and service of the reimbursable meals including food, labor, and other expenses. SFA’s must use this FSMC Fixed Price Prototype Contract for fixed price proposals in order to be eligible for reimbursement under USDA Child Nutrition Programs. Any changes to the prototype contract must be reviewed by USBE prior to execution of the awarded contract.

Procurement/Payment Terms/Method. The selected FSMC shall invoice SFA at the end of each month for amounts due based on on-site records. The SFA shall make payments within 30 ______ business days of the invoiced date. Upon termination of the awarded contract, all outstanding amounts shall immediately become due and payable. This RFP specifies the meal price structure as a maximum flat price per meal. The maximum flat price per meal includes the allowable direct costs of the preparation and service of the reimbursable meals including food, labor, and other expenses. SFA’s must use this FSMC Fixed Price Prototype Contract for fixed price proposals in order to be eligible for reimbursement under USDA Child Nutrition Programs. Any changes to the prototype contract must be reviewed by USBE DPI prior to execution of the awarded contract.