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payment.
LL. Warranty/Guarantee:
Successful Offeror guarantees against defective or faulty material or workmanship for at
least one (1) year or for the manufacturer’s standard warranty period, whichever is
greater, from date of acceptance by NNPS. To furnish adequate protection from
damage for all work and to repair damages of any kind for which Successful Offeror or
Successful Offeror’s workmen are responsible, to the building or equipment, to
Successful Offeror’s own work, or to the work of others. Any merchandise or service
provided under the contract which is or becomes defective during the warranty period
shall be replaced by the Successful Offeror free of charge with the specific understanding
that all replacements shall carry the same guarantee as the original equipment or service
(one year or manufacturer’s standard warranty period, whichever is greater, from the
date of acceptance of the replacement). Successful Offeror shall make any such
replacement immediately upon receiving notice from NNPS.
MM. Payment Terms:
To be eligible for payment, all labor, equipment and materials covered under Successful
Offeror’s invoice must be completed and accepted by NNPS. NNPS agrees to make
payments under this contract within thirty (30) days after receipt of a correct invoice for
such payment. Where payment is made by mail, the date of postmark shall be deemed to
be the date of payment. Any amounts due to NNPS under the terms of this or any other
agreement may be applied against Successful Offeror’s invoices with documentation for
the basis of the adjustment attached. In no event shall any interest penalty or late fee
accrue when payment is delayed because of disagreement between NNPS and Successful
Offeror regarding the quantity, quality, time of delivery, or other noncompliance with the
contract requirements for any Product or Service or the accuracy or correctness of any
invoice. Payment terms offering a "prompt payment discount" of 20 days or greater will
be considered in the evaluation of Proposals. All other payment terms shall be net thirty
(30) calendar days or greater. Payment terms not specified by Offeror shall be Net 45
days.
Special Educational or Promotional Discounts
Successful Offeror shall extend any special educational or promotional sale prices or discounts
immediately to NNPS during the term of the contract. Such notice shall also advise the
duration of the specific sale or discount price.
NN. Prompt Payment:
NNPS will promptly pay for completed, delivered goods or services accepted under this Contract
by the payment date established. The required payment date will be either: (i) the date on
which payment is due under the
terms of this Contract for the provision of the goods or services; or (ii) if a date is not
established by this Contract, not more than forty-five (45) days after goods or services are
received or not more than forty-five (45) days after the invoice is rendered, whichever is later.
Within twenty (20) days after the receipt of the invoice or goods or services, NNPS shall
notify the supplier of any defect or impropriety that would prevent payment by the payment
date. Should NNPS fail to pay the Contractor by the pay date, finance charges may be
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