X hits on this document

PDF document

ALABAMA STATE PORT AUTHORITY - page 14 / 50

114 views

0 shares

0 downloads

0 comments

14 / 50

Payment No.

Contract Price See Par. 1.1

Event

1

40%

Upon Contract Execution

2

40%

Upon safe arrival of the Forklift trucks at the Site

3

20%

Upon issuance of the Acceptance Document

ASPA shall pay the Manufacturer for work and services in accordance with the following schedule (negotiable):

Invoices will be paid within thirty (30) days of the receipt of an agreed form of invoice.

2.11.2. Warranty and Liability after Final Payment

Final acceptance and payment by ASPA with respect to the Forklift trucks will not release the Manufacturer from any of its liabilities or responsibilities under any of the warranties or representation or any of the terms of this Agreement with respect to the Forklift trucks.

CONTRACT PRICE PAYMENTS

.

2.11.1. Final Payment

Prior to making this final payment, the Manufacturer shall furnish to ASPA a certificate stating that the Forklift trucks are free and clear of any and all liens, claims and encumbrances arising from the work performed by the Manufacturer and that all outstanding invoices from Vendors, Subcontractors, etc., have been paid by the Manufacturer.

months following acceptance of the Forklift trucks by ASPA.

The total Contract Price is USD $

_______________________

Note: Manufacturer shall provide line item prices for these bonds. Prior to Contract execution, ASPA may waive all or part of the bond requirements; however, the proposal shall include these bond requirements.

2.11

Terms of Payment

Revision 0

2-4

Document info
Document views114
Page views114
Page last viewedMon Dec 05 11:51:17 UTC 2016
Pages50
Paragraphs1008
Words10132

Comments