2-ATTACH C DTC Payment TCs.pdf
PDF 14 KB Posted
- Attached to
- On Demand Hood Cleaning Services
- Solicitation number
- ML26033026
- Issued by
- Utah
About this file
This is a Payment Terms and Conditions document for Davis Technical College establishing the financial requirements and procedures for contractor payments under service contracts. The document outlines the submission process for invoicing, specifying that contractors must submit itemized invoices with supporting documentation to Davis Technical College for authorization and payment processing according to established payment terms.
Contractors are required to submit all invoices for services rendered within twenty days after the conclusion of each billing period, with final billings due within twenty days of contract termination. A critical requirement mandates that all billings for services performed on or before June 30th of a given fiscal year must be submitted no later than July 20th of the subsequent fiscal year, regardless of contract termination date; failure to meet these deadlines may result in payment denial. The document further establishes Davis Technical College's right to conduct audits and recoup any overpayments or incorrectly paid amounts, with authority to withhold subsequent payments under the current contract or other existing contracts until full restitution is achieved for any identified payment discrepancies.
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Other files
| File | Type | Posted |
|---|---|---|
| 1-ATTACH A DTC TCS Goods and Service FY26.pdf | ||
| 4-IFB ML26033026 HOOD CLEANING .docx | DOCX document | |
| 3-U3P BID INSTRUCTIONS AND GENERAL PROVISIONS.pdf |
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Text version
ATTACHMENT C
DAVIS TECHNICAL COLLEGE PAYMENT TERMS AND CONDITIONS
1. METHOD AND SOURCE OF CONTRACTOR PAYMENT: To obtain payment for the services provided under this Contract, the Contractor shall submit to the Davis Technical College (DAVISTECH) an itemized invoice for its authorized services, together with any supporting information or documentation required for payment of supplies or services purchased for or on behalf of the DAVISTECH. The DAVISTECH shall then make payment to Contractor in accordance with established payment terms.
2. BILLING DEADLINES: The Contractor shall submit all invoices and claims for services rendered during a given billing period within twenty (20) days after the last of that billing period.
All final billings under a contract must be received within twenty (20) days of termination of the contract, regardless of the billing period. If the Contractor fails to meet these deadlines, the DAVISTECH may deny payment for such delayed billings or claims of services.
The State Fiscal Year is from July 1 through June 30. The Contractor shall submit all billings for services performed on or before June 30th of a given fiscal year no later than July 20th of the subsequent fiscal year, regardless of the termination date of the contract. The DAVISTECH may delay or deny payment for services performed in a given fiscal year if it receives the Contractor’s billing of those services later than July 20th of the subsequent fiscal year.
3. OVERPAYMENTS AND AUDIT EXCEPTIONS: If, during or after the contract period, an independent CPA audit or a Fiscal Service Office review by the DAVISTECH determines that payments made by the DAVISTECH to the Contractor were incorrectly paid or were based on incorrect information from the Contractor, the Contractor may be required to repay the incorrect payments it received. The DAVISTECH shall also have the right to withhold any or all subsequent payments under this contract or under other contracts with the Contractor until the DAVISTECH fully recoups any payments to the Contractor determined to have been made incorrectly.
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