Res 1988-092 - Laserfiche WebLink

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SECTION 5. METHOD OF PAYMENT A. Contractor shall submit to Department a properly completed Request for Advance or Reimbursement Form 270, as specified by Department, as often as actually needed. Department shall determine the reasonableness of each amount requested and shall not make disbursement of any such payment until Department' has reviewed and approved such Request. B. Contractor's requests for advance shall be limited to the minimum amounts needed for effective operation of programs under this contract, and shall be timed as closely as possible to be in accord with actual cash requirements, Contractor shall establish procedures to minimize the time elapsing between the transfer of funds from Department to Contractor and shall ensure that such funds are disbursed as soon as administratively possible. C. Notwithstanding the provisions of Section 5 (A) of this contract, it is expressly understood and agreed by the parties hereto that payments under this contract are contingent upon Contractor's full and satisfactory performance of its obligations under this contract. D. It is expressly understood and agreed by the parties hereto 'that any right or remedy provided for in this Section 5 or in any other provision of this contract shall not preclude the exercise of any other right or remedy under this contract or under any provision of law, nor shall any action taken in the exercise of any right or remedy be deemed a waiver of any other rights or remedies. Failure to exercise any right or remedy hereunder shall not constitute a waiver of the right to exercise that or any other right or remedy at any time, SECTION 6. ~L:~~I~~~T~:~~:~MENTS, COST A. Contractor shall comply with Office of Management and Budget (OMB) Circular A-I02 as supplemented by the rules promulgated by the Office of the Governor under the Uniform Grant and Contract Management Act of 1981 (TEX.REV,CIV.STAT,ANN.art.4413 (32g).), hereinafter referred to as the Management Standards, except to the extent that Department establishes variations from the Management Standards 1n accordance with Section 6 of such Act. B. The allowability of costs incurred for performances rendered hereunder shall be determined in accordance with OMB Circular A-87, as supplemented by Section 5,150 of the Management Standards, and this contract, C, Contractor shall comply with the standards set forth in Attachment E of OMB Circular A.102 as supplemented by Section 5,156 of the Management Standards to account for program income related to activities financed in whole or in part with funds provided under this contract. Page 3 of 13 Pages