Special CI-ElecFunds-20-OCT-2023.pdf
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- HKZ 150 Bar Maintenance
- Solicitation number
- 6-B187-Q-00461-00
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Department of Energy Office of Science
About this file
This document is a contract payment clause from Argonne National Laboratory (PD-124, effective October 20, 2023) establishing the payment method requirements for contractors.
All payments under contracts with Argonne National Laboratory shall be made by electronic funds transfer (EFT) or wire transfer. Domestic contractors may request alternative payment methods such as check or other mutually agreeable arrangements by submitting the ANL-1094 "Electronic Transfer Authorization Form." Foreign contractors are limited to wire payment unless special consideration is requested and approved by the Laboratory's Procurement office, with the understanding that alternative arrangements could delay net payment. The Laboratory will not process any payments until after receiving the completed ANL-1094 form with correct EFT payment information from the contractor. Any banking charges or fees imposed by the contractor's financial institution are the sole responsibility of the contractor.
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Text version
PD-124 (October 20, 2023)
PAYMENT BY ELECTRONIC FUNDS TRANSFER/WIRE
All payments by the Laboratory under this contract shall be made by electronic funds transfer (EFT)/Wire. In the event the Laboratory is unable to release one or more payments by EFT/Wire, the domestic contractor agrees to either accept payment by check or some other mutually agreeable method of payment via ANL-1094
“Electronic Transfer Authorization Form”. For foreign contractors, wire payment is the only form of payment unless special consideration is requested and approved by Procurement or delay in net payment could occur.
The Laboratory is not required to make any payment under this contract until after receipt of the ANL-1094 (a link is provided in the award documentation), by Accounts Payable of the correct EFT payment information from the contractor. Any intermediary or beneficiary banking charges/fees assessed by the contractor’s bank are the sole responsibility of the Contractor.
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