## Europol Public Information 

iii. Pre-financing guarantee must remain in force until the pre-financing is cleared against interim payments or payment of the balance. Where the payment of the balance takes the form of a debit note, the pre-financing guarantee must remain in force for three months after the debit note is sent to the Contractor . Europol must release the guarantee within the following month. 

iv. Performance guarantee(s) covers performance of Contractor’s obligations throughout the Framework Contract  duration, as implemented by Specific Contracts  and/or Purchase Orders . The amount of the performance guarantee shall not exceed 10 (ten) % of the total price of the Specific Contract  or Purchase Order . The guarantee shall provide that it remains in force until Acceptance of all deliverables. Europol shall release the guarantee following Acceptance (in full), in accordance with the provisions of the Specific Contract  or Purchase Order . 

v. Retention money guarantee covers performance of Contractor’s obligations in accordance with the terms set out in the Framework Contract , as implemented by Specific Contracts  or Purchase Orders  within the contract liability period (i.e. from the moment that the Contractor claims satisfactory execution until Acceptance of deliverables by Europol). The retention money guarantee must not exceed 10 (ten) % of the total price of the Specific Contract or Purchase Order . Europol shall release the guarantee following the date of Acceptance (in full), in accordance with the provisions of the Specific Contract  or Purchase Order . 

vi. Europol shall not request a retention money guarantee for a Specific Contract or Purchase Order  where it has requested a performance guarantee. 

## 7. Interim payments and payment of the balance: 

i. The Contractor shall submit an invoice for interim payment, if foreseen in the Special Conditions and in accordance with a Specific Contract  or Purchase Order . 

ii. The Contractor shall submit an invoice for payment of the balance within 60 (sixty) days following completion of the services and/or delivery of goods as stipulated in the Special Conditions or in a Specific Contract  or Purchase Order . 

iii. Upon receipt of the invoice, Europol shall pay the amount due [as interim or final payment], within the periods specified in the Special Conditions provided that the invoice and supporting documents have been approved and without prejudice to Europol’s possibility to suspend the payment as stipulated at paragraph (8) below. 

iv. In the event of a payment taking place prior to Acceptance  (e.g. in error), such payment shall be considered as a pre-payment for which full sanitisation of any issues preventing acceptance is required. Europol is entitled to off-set any such pre-payments against future invoices in accordance with Article II-11 (“Reduction in payment and off-setting”) below. Payment of the balance may take the form of recovery. 

## 8. Suspension of the time allowed for payment: 

i. Europol may suspend the payment periods specified in the Special Conditions at any time by notifying the Contractor in writing that its invoice cannot be processed for any of the following reasons: 

a) The invoice does not comply with the provisions of the Framework Contract , or the provisions of a Specific Contract  or Purchase Order ; 

b) The invoice is not supported by appropriate documents or Deliverables as indicated in the Framework Contract , or a Specific Contract  or Purchase Order ; 

c) Europol raises objections in relation to such supporting documents or deliverables. 

Europol’s initials: 

Contractor’s initials: 

