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<br />to include a statement of <br />Contractors are hereby advised <br /> <br />vendor <br />of the <br /> <br />(Contractor) <br />following: <br /> <br />rights. <br /> <br />Contractors providing goods and services to an agency should <br />be aware of the following time frames. Upon receipt, an agency <br />has 5 working days to inspect and approve the goods and <br />services, unless the bid specifications, purchase order or <br />contract specifies otherwise. An agency has 20 days to deliver <br />a request for payment (voucher) to the Department of Banking <br />and Finance. The 20 days are measured from the latter of the <br />date the invoice is received or the goods or services are <br />received, inspected and approved, by the Department of <br />Transportation. <br /> <br />If a payment is not made within 40 days, a separate interest <br />penalty at the rate established pursuant to Section 55.03(1) <br />Florida Statutes will be due and payable, in addition to the <br />invoice amount, to the Contractor. The interest penalty <br />provision applies after a 35 day time period to health care <br />providers, as defined by rule. Interest penalties of less than <br />one dollar will not be enforced unless the Contractor requests <br />payment. <br /> <br />Invoices which have to be returned to a Contractor because of <br />Contractor preparation errors will result in a delay in the <br />payment. The invoice payment requirements do not start until a <br />properly completed invoice is provided to the Department of <br />Transportation. <br /> <br />A Vendor Ombudsman has been established within the Department <br />of Banking and Finance. The duties of this individual include <br />acting as an advocate for Contractors who may be experiencing <br />problems in obtaining timely payment(s) from a state agency. <br />The Vendor Ombudsman may be contacted by calling the State <br />Comptroller's Hotline, 1-800-848-3792. <br /> <br />9. PAYMENT ADJUSTMENT <br /> <br />In the event temporary work by the DEPARTMENT forces or by <br />other Contractors temporarily prevent the CITY from performing <br />the work described in this AGREEMENT, the DEPARTMENT shall <br /> <br />Memorandum of Agreement <br />Contract No. BDH38 <br />Financial Number: 40339317203 <br /> <br />5 <br />