Question
CDC is pleased to offer Smith Analytics LLC a financial consultancy contract as detailed below and in the attached schedule. Consulting Fee: Time and Materials-Not
CDC is pleased to offer Smith Analytics LLC a financial consultancy contract as detailed below and in the attached schedule.
Consulting Fee:
Time and Materials-Not to exceed $2,000 for contract period 5/1/2018-5/31/2018
Travel reimbursed per IREX policy.
Pricing and invoicing:
Hourly Rate $80 (Not to exceed: 25 hours/$2,000)
Billable on an hourly rate, for work performed.
At the beginning of June, IREX received the invoice from Smith Analytics for May 2018 services and our colleague has put a payment request in our payment system. The invoice and payment request prepared are attached here for your reference. Please kindly review the payment request based on the information provided and answer the questions below.
- Will you approve this payment? Can you let us know the reason why you approve/reject this payment?
- What criteria did you set up as checklist for reviewing this payment?
- Will there be other documents you need to follow up? If so, can you draft a short email to the person who prepares the payment?
Attachment-Invoice received
Smith Analytics LLC
Invoice #1234
June, 2018
IREX
Attn: Accounts Payable
Re: Consulting agreement FY-18-XXXXX
Consulting services for the period May10, 2018 to June 1, 2018
$80*25 hrs=$2,000
Grand total this invoice $2,000
Please make this check payable to Peter Smith at xxxxxx before July 31, 2018.
Payment request Vendor: Invoice number: Prepared by: Payment type: Dvision approval: Finance review: Peter Smith 1234 Lily from IREX ACH Max from IREX Pending for finance review Line Items Division Finance Project G&A Account Code Contractual Service Description Financial Consulting for May 18Service Amount $2,000 Payment request Vendor: Invoice number: Prepared by: Payment type: Dvision approval: Finance review: Peter Smith 1234 Lily from IREX ACH Max from IREX Pending for finance review Line Items Division Finance Project G&A Account Code Contractual Service Description Financial Consulting for May 18Service Amount $2,000
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