Terms and procedure of payment of Contract Price Sample Clauses

Terms and procedure of payment of Contract Price. 10.2.1 The Contractor will raise invoice for its Scope of Project directly to the Authority on successful completion of the milestones (as applicable to them) provided in Schedule 6 (Contract Price and Payment Milestones) of this Contract. The invoices shall be accompanied with relevant supporting documents evidencing achievement of applicable payment milestone and any other documents required by the Authority in this regard. The pro-forma of the invoice and the documents and details to accompany it, shall be mutually discussed and agreed to by the Parties, provided that the Contractor shall at all times ensure that invoices are raised in accordance with the relevant provisions of Applicable Laws, so as to enable the Authority to avail credit of the taxes indicated in the said invoice.
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Terms and procedure of payment of Contract Price. 10.2.1 The Contractor will raise invoice for its Scope of Project directly to the Authority on successful completion of Works as provided in Schedule 6 (Contract Price and Payment) of this Contract. The invoices shall be accompanied with relevant supporting documents evidencing achievement of Works and any other documents required by the Authority in this regard. For avoidance of doubt, it is clarified that the Contractor shall, be required to submit the supporting documents to estimate the completion of Works and the value of the completed Works (in value terms) as per Schedule 6, from the Bill of Quantities in Schedule 10. The pro- forma of the invoice and the documents and details to accompany it, shall be mutually discussed and agreed to by the Parties, provided that the Contractor shall at all times ensure that invoices are raised in accordance with the relevant provisions of Applicable Laws, so as to enable the Authority to avail credit of the taxes indicated in the said invoice.
Sample 1
Terms and procedure of payment of Contract Price. 10.2.1 The Developer will raise Invoice for its Scope of Project to the DTA on successful completion of Works as provided in Schedule 6 (Contract Price and Payment) of this Contract. The Invoices shall be accompanied with relevant supporting documents evidencing achievement of Works and any other documents required by the Authority/DTA in this regard. For avoidance of doubt, it is clarified that the Developer shall, be required to submit the supporting documents to estimate the completion of Works and the value of the completed Works (in value terms) as per Schedule 6, from the Bill of Quantities in Schedule 10. The same shall be technically verified by the DTA in line with the terms of contract and submited to the Authority with necessary recommendations. The pro-forma of the Invoice and the documents and details to accompany it, shall be mutually discussed and agreed to by the Parties, provided that the Developer shall at all times ensure that invoices are raised in accordance with the relevant provisions of Applicable Laws, so as to enable the Authority to avail credit of the taxes indicated in the said invoice.
Sample 1

Related to Terms and procedure of payment of Contract Price

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