Article 4 of the Draft Contract. All claims for payment, except the advance, shall be linked to the achievement of defined schedule milestones with tangible deliverables including as the case may be, achieved performance of service. Examples of such milestones are the satisfactory completion of WPs and delivery of the related output] [You are requested to indicate below for only information purposes, the Milestone Payment Plan that is envisaged for subcontractor(s) paid by/via the Contractor] Payments from For Information: Schedule ESA to Payment amount to Contractor and Milestone (MS) Description Date Prime Contractor Subcontractor(s) Contractor Subcontractor … Progress (MS 1): Upon successful To + … completion of (TBD) and review and months acceptance by the Agency of all related deliverables. Progress (MS 2): Upon successful Test Readiness Review and acceptance by the Agency of all related deliverables. Final Settlement (MS 3): Upon the Agency’s acceptance of all deliverable >15% of total price items due under the Contract and the Contractor’s fulfilment of all other contractual obligations including submission of the Contract Closure Documentation TOTAL Advance Payment(s) and other Financial Conditions: Prime Company Vendor Advance Offset Offset Condition (P) Name Code Payment against by Euro (if applicable) Euro P <15% MS 1 Amount Upon signature of the Contract by both Parties
Article 4 of the Draft Contract. All claims for payment, except the advance, shall be linked to the achievement of defined schedule milestones with tangible deliverables including as the case may be, achieved performance of service. Examples of such milestones are the satisfactory completion of WPs and delivery of the related output] [You are requested to indicate below for only information purposes, the Milestone Payment Plan that is envisaged for subcontractor(s) paid by/via the Contractor] Milestone (MS) Description Schedule Date Payments from ESA to Prime Contractor For Information: Payment amount to Contractor and Subcontractor(s) Contractor Subcontractor … Progress (MS 1): Upon successful completion of (TBD) and review and acceptance by the Agency of all related deliverables. To + … months Progress (MS 2): Upon successful Test Readiness Review and acceptance by the Agency of all related deliverables. Final Settlement (MS 3): Upon the Agency’s acceptance of all deliverable items due under the Contract and the Contractor’s fulfilment of all other contractual obligations including submission of the Contract Closure Documentation >15% of total price TOTAL Advance Payment(s) and other Financial Conditions: Prime (P) Company Name Vendor Code Advance Payment Euro Offset against Offset by Euro Condition (if applicable) P <15% MS 1 Amount Upon signature of the Contract by both Parties
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