Payments & Invoices
The Payment & Invoices section includes tools for setup of payment schedules and invoice requirements for the award. It contains these subsections:
• Payment & Invoices
• Payment & Invoice Requirements
• Award Payment Schedule
Figure 837 Award Document > Payment, Reports & Terms Page – Payment & Invoices Section Example
Table 388 Award Document > Payment, Reports & Terms Page – Payment & Invoices Section Field Descriptions
|
Field |
Description |
|
Payment Basis |
Optional, but required
upon validation. The payment structure upon
which the sponsor makes payment to your institution for performance of
work on a sponsored project (for example, cost reimbursement or
fixed price payment basis). Click |
|
Payment Method |
Optional, but required
upon validation. The mechanism for obtaining payment as required by the
award document. Click |
|
Final Invoice |
Optional. The
number of days after x that your institution has to send the sponsor the
final invoice as required by the award document. Enter the number of
days allowed for sending the Final Invoice into the |
|
Document Funding ID |
Optional. A unique identifier for a project documenting the obligation of funds from a sponsor to an institution. Enter the Document Funding ID into the box. |
to select the
Payment Basis.
box.
The refresh icon forces an update to the available options in the list based on
a selection in a prior field.
Figure 838 Award Document > Payment, Reports & Terms Page > Payment & Invoices Section – Firm Fixed Price Payment Method Option Examples
Figure 839 Award Document > Payment, Reports & Terms Page > Payment & Invoices Section – Cost Reimbursement Payment Method Option Examples
Payment & Invoice Requirements