Examples of Financial Consequences in a sentence
Financial Consequences will be assessed daily for each individual failure until the performance or submittal is accomplished to the Department’s or Customer’s satisfaction, unless stated otherwise.
Financial Consequences will be assessed for failure to timely perform or submit a report as required by the Contract and shall be paid via check or money order in US Dollars and made out to the Department of Management Services or the specific Customer, where applicable.
The Customer and the Contractor may agree to add additional Financial Consequences on an as-needed basis beyond those stated herein to apply to that Customer’s resultant contract or purchase order.
Contract Requirement Description Frequency Daily Financial Consequences for Non-Performance Timely Submission of complete and accurate Contract Quarterly Sales Report Submit Quarterly Sales Report in accordance with section IV.l)2.
Financial Consequences For each business day the deliverable is late or not as specified, which includes not being approved by the OAG, a financial consequence in the form of a reduction of one percent per business day will be assessed on the payment for that deliverable for the first five days the deliverable is not submitted as specified.