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2. Quarterly Billings that are greater than $110,0001 but not more than $200�,000 I!. 12- <br />month period, shall be billed in quarterly in!stallments, Quarterly invo,ices will be <br />issued; representing the contract amount for each 12-month period' of the contract, or <br />portions thereof, prorated into four (4) installments. Invoices shall be issued no later <br />than 301 days after the beginning of each quarter. Payment due date shall be 60days <br />after thebeginning of each calendar quarter, <br />3. Monthly Billings that are greater than $200,000 per 12-month period shall be bil�led in <br />monthly installments. Monthly invoices will be issued representing the contract <br />amount for each 112-month period of the contract, or portions thereof, prorated into 12 <br />installments. Invoices shall be issued! on or before the first day of each service <br />month. Payment due date shall be 30 days after the beginning of each service <br />month. <br />A, Actual Cost (One-Time/Non-Recurring Contracts) - linvoices that represent a billing for a <br />one-time, non-recuirring provision of materials and/or services shall be issued' after <br />delivery by the County of the materials and/or services and no later than 15 days after <br />actual cost data is available. Payment due date shall'be invoice date plus 30 days. <br />Actual Cost (Ongoing/Recurring Contracts) - Invoices that represent a billing; for <br />ongoing, recurring provision of materials and/or services shall be issued on a month <br />basis and shall represent the cost of' materials, and/or services provided to t <br />contracting entity during the previous calendar month, Such invoices shall be issued <br />later than 15 days after the close of the monthly billing, period. If the Coun <br />age ncy/department/d is,triict dobilling cycle, the invoice shall <br />issued no later than 15 days after actual cost data is available. Payment due date sh <br />be invoice date plus 30 days. <br />Examples of actual cost contracts for the oingog, recuirring provision of materials and/or <br />services might be a city contracting with the County for communications eq�uipment <br />repair or waste disposal at a County landfill. <br />Notwithstanding the provisions of Sections 11 and III above, payment due, date shall be at <br />least invoe date plus 30 days. If the County is late in issuing: an invoice, the contracting <br />entity would always have at least invoice date plus 30 days to pay. If the County is early in <br />issuing an invoice, the contracting entity would still have a payment due date of e:ither 60 <br />days after the beginning of the quarter (quarterly invoices) or 301 days after the beginning of <br />the service month, (monthly invoices), <br />(EXAMPLES- An: invoe for October service, dated and issued October 8 (late) would have <br />a payment due date of Novernber 7. An invoice for August service, dated and issued Juily 20 <br />(early) would have a payment due date of August 30.) <br />§�M <br />