Special CI-ElecFunds-20-OCT-2023.pdf

This document is a contract payment clause from Argonne National Laboratory (PD-124, effective October 20, 2023) that establishes the mandatory payment method for all contract work performed.

All payments under contracts with Argonne National Laboratory shall be made via electronic funds transfer (EFT) or wire transfer. For domestic contractors, if the Laboratory cannot process EFT/Wire payments, alternative payment methods (such as check) may be arranged through the ANL-1094 "Electronic Transfer Authorization Form" by mutual agreement. For foreign contractors, wire payment is the only acceptable payment method unless special approval is obtained from Procurement, as alternative methods risk delaying net payment. The Laboratory will not release any payment until after receiving the completed ANL-1094 form with correct EFT payment information submitted to Accounts Payable by the contractor. Any intermediary or beneficiary banking charges or fees imposed by the contractor's bank are the contractor's sole responsibility.