FMO Payment definition
FMO Payment means the FMO Payment, substantially in the format provided in the format according to article 18 of the General Terms and Conditions for Purchase.
Examples of FMO Payment in a sentence
In the Further Agreement will be specified whether the FMO Payment will either be: [Option 1: Fee-based and will contain the maximum fees in euro plus incidental expenditure and a provision for the expenditure verification ; or [Option 2: Global priced (in case of studies and other result-based contracts) This Framework Agreement, established in [Euro] [<national currency> for indirect management only], is a global price contract.
FMO agrees that it shall make the FMO Payment regarding a Project under any Further Agreement available on the terms and conditions of that Further Agreement.