Common use of RELEASE OF PAYMENT Clause in Contracts

RELEASE OF PAYMENT. Edge Hill University are unable to make any payments to settings without the auditable documented evidence being submitted to and received by Edge Hill University, to confirm that the Placement has taken place as agreed. This is a requirement under Edge Hill University’s Financial Regulations for audit and monitoring purposes. Edge Hill University do not require an invoice to initiate the release of payment and respectfully request that school/ college/ settings do not submit invoices, as this can cause confusion and delays in our financial processes. Only the following documents will be accepted as auditable documented evidence: Placement status Required document to trigger payment Full completion of Placement End of Placement Report/ Summative Report Part completion of Placement Early Conclusion of Placement Form Enhancement placement Attendance Record