DOCUMENT

IFB - Engine Repair Services 2009

  • YEAR CREATED: 2009
  • ENTITY TYPE: Authority: Other
  • TYPE OF DOCUMENT: BID - ITB, IFB, ITT, RFB
This document is a contract clause that outlines various terms and conditions related to invoicing, payment, patent indemnity, interest, risk of loss, taxes, termination for the government's convenience, and percentage of payment based on work performed. Regarding invoicing, the contractor is required to submit an original invoice and three copies (or electronic invoice) to the designated address, including all necessary details. Payment will be made for items accepted by the government, and the government will adhere to the Prompt Payment Act and prompt payment regulations. Discounts for early payment will be calculated from the date of the invoice. The contractor is responsible for indemnifying the government against any liability arising from patent, trademark, or copyright infringement related to the contract. Overpayments should be remitted to the payment office, and interest will be charged on overdue amounts. The document specifies that the risk of loss or damage to the supplies remains with the contractor until delivery to a carrier (if transportation is f.o.b. origin) or delivery to the government at the specified destination (if transportation is f.o.b. destination). The contract price includes all applicable taxes and duties. The government reserves the right to terminate the contract for its convenience, and in such cases, the contractor should immediately stop all work. The contractor will be paid a percentage of the contract price reflecting the work performed prior to termination.
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