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the Contractor. EFT information that shows the ultimate recipient of the transfer to be other than
the Contractor, in the absence of a proper assignment of claims acceptable to NNPS, is incorrect
EFT information within the meaning of paragraph (d) of this clause.
(h) Liability for change of EFT information by financial agent. NNPS is not liable for errors resulting
from changes to EFT information provided by the Contractor’s financial agent.
(i) Payment information. Accounting shall forward to the Contractor available payment information that
is suitable.
for transmission as of the date of release of the EFT instruction to the Federal Reserve System. NNPS
may request the Contractor to designate a desired format and method(s) for delivery of payment
information from a list of formats and methods Accounting is capable of executing. However, NNPS
does not guarantee that any particular format or method of delivery is available and retains the latitude
to use the format and delivery method most convenient to NNPS. If NNPS makes payment by check
in accordance with paragraph (a) of this clause, NNPS shall mail the payment information to the
remittance address in the contract.
(j) EFT information. The Contractor shall provide the following information to Accounting. The
Contractor may supply this data for this or multiple contracts (see paragraph (b) of this clause).
The Contractor shall designate a single financial agent per contract capable of receiving and
processing the EFT information using the EFT methods described in paragraph (c) of this clause.
(1) The contract number (or other procurement identification number).
(2) The Contractor’s name and remittance address, as stated in the contract(s).
(3) The signature (manual or electronic, as appropriate), title, and telephone number of the
Contractor official authorized to provide this information.
(4) The name, address, and 9-digit Routing Transit Number of the Contractor’s financial agent.
(5) The Contractor’s account number and the type of account (checking, saving, or lockbox).
(6) If applicable, the Fedwire Transfer System telegraphic abbreviation of the Contractor’s financial
agent.
(7) If applicable, the Contractor shall also provide the name, address, telegraphic abbreviation,
and 9-digit Routing Transit Number of the correspondent financial institution receiving the wire
transfer payment if the Contractor’s financial agent is not directly on-line to the Fedwire
Transfer System; and, therefore, not the receiver of the wire transfer payment.
NNPS Accounting Department Designated Contact:
Accounting Department
NNPS Administration Building
12465 Warwick Blvd.
Newport News, Virginia 23606
Tel: (757)591- 4513
Kimberly Powell, Accounting Supervisor
Kimberly.powell1@nn.k12.va.us
PP. Audits:
NNPS shall have the right to audit all books and records (in whatever form they may
be kept, whether written, electronic or other) relating or pertaining to this Contract
(including any and all documents and other materials, in whatever form they may be
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