Third and Final Invoice Clause Samples

Third and Final Invoice. (10%): CONTACTOR shall complete, sign and submit the third and final invoice for the remaining 10% of the total amount of the participant’s ITA contract. Attached to the invoice, CONTRACTOR must provide proof of successful student completion of training and proof of an industry recognized credential, certificate and/or license obtained. All invoices shall specify charges on an individual student basis, not to exceed the total participant ITA contract amount. In the event that the participant ITA contract total changes, i.e., change of courses, increased book costs, actual financial aid awards differing from projected awards, the WIOA/Non-WIOA service provider will complete and forward to the CONTRACTOR an amended participant ITA contract. All invoices must include proof that performance outcomes have been met in accordance with the participant’s ITA contract. CONTRACTOR shall use the following exhibits in the performance of this Agreement: a. ITA Invoice (Exhibit B) b. Monthly Student Attendance and Progress Report (Exhibit C) For participants who enter into unsubsidized employment upon completion of their training, CONTRACTOR shall submit proof of placement information (i.e. name of employer, date of hire, job title, occupation/industry, hourly wage, and schedule of hours) with the last invoice. For participants who obtain a credential, certificate or license upon completion of their training, CONTRACTOR shall submit a copy of the industry-recognized credential, certificate and/or license obtained with the last invoice. Upon receipt of all invoices, the WIOA/Non-WIOA service provider will perform an independent review and validation of the invoice and documentation of performance outcomes before submitting the invoice and documentation to the WDB Fiscal Office to process for payment. Payment will be made within thirty (30) days from the receipt of invoice from the WIOA/Non-WIOA service provider. The WDB will reallocate the remainder of total participant ITA contract funds not paid to CONTACTOR if achievement of the participant’s ITA contract goals are not met.