Early Payment Discount. The City of Houston’s standard payment term is to pay 30 days after receipt of invoice or receipt of goods or services, whichever is later, according to the requirements of the Texas Prompt Payment Act (Tex. Gov’t Code, Ch. 2251). However, the City will pay in less than 30 days in return for an early payment discount from Contractor as follows: Payment Time - 10 Days: 2% Discount Payment Time - 20 Days: 1% Discount
Appears in 95 contracts
Samples: Agreement for Security Guard Services, Agreement for ________________________________ Services, Federal Contract
Early Payment Discount. The City of Houston’s standard payment term is to pay 30 days after receipt of invoice or receipt of goods or services, whichever is later, according to the requirements of the Texas Prompt Payment Act (Tex. Gov’t Code, Ch. 2251). However, the City will pay in less than 30 days in return for an early payment discount from Contractor Agency as follows: Payment Time - 10 Days: 2% Discount Payment Time - 20 Days: 1% Discount
Appears in 2 contracts
Samples: Sample Contract, Agreement for Contingent Workforce Services
Early Payment Discount. The City of Houston’s standard payment term is to pay 30 days after receipt of invoice or receipt of goods or services, whichever is later, according to the requirements of the Texas Prompt Payment Act (Tex. Gov’t Code, Ch. 2251). However, the City will pay in less than 30 days in return for an early payment discount from Contractor Consultant as follows: Payment Time - 10 Days: 2% Discount Payment Time - 20 Days: 1% Discount
Appears in 2 contracts
Samples: Funded Agreement, Sample Agreement Terms
Early Payment Discount. 4.03.1 The City of Houston’s standard payment term is to pay 30 days after receipt of invoice or receipt of goods or services, whichever is later, according to the requirements of the Texas Prompt Payment Act (Tex. Gov’t Code, Ch. 2251). However, the City will pay in less than 30 days in return for an early payment discount from Contractor as follows: Payment Time - 10 Days: 2% Discount Payment Time - 20 Days: 1% Discount
Appears in 1 contract
Samples: Sample Contract
Early Payment Discount. The City of Houston’s standard payment term is to pay 30 days after receipt of invoice or receipt of goods or services, whichever is later, according to the requirements of the Texas Prompt Payment Act (Tex. Gov’t Code, Ch. 2251). However, the City will pay in less than 30 days in return for an early payment discount from Contractor Auditor as follows: Payment Time - 10 Days: 2% Discount Payment Time - 20 Days: 1% Discount
Appears in 1 contract
