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<br />Blue Cross and Blue Shield of Minnesota <br />3535 Blue Cross Road, Eagan, Minnesota 55122 <br />Contractor Agreement <br /> <br />. 4. Payments <br />A, Method of Payment <br /> <br />1, Unspent Advance Funds <br />Notwithstanding the advance payment provisions below, Contractor agrees to repay <br />any unspent advanced funds within sixty (60) days of written request by BCBSM, <br />following financial report reconciliation procedures set forth in this section, <br /> <br />. <br /> <br />2, Payment <br /> <br />Contractor is eligible to receive an advance payment of up to 20% of their contract <br />amount upon the signing of the contract. To receive the advance, contractor must <br />complete and submit an Advance Request form to BCBSM Project Manager. <br /> <br />Subsequent payments to Contractor will be made on a reimbursement basis based <br />on the actual costs the Contractor incurs for the deliverables stated in this contract. <br />The contractor will submit requests for reimbursement using the Invoice form <br />provided by BCBSM, <br /> <br />At the last billing cycle, BCBSM will reconcile the total amount that was paid to the <br />Contractor to the total amount of expenditures Contractor incurred on this contract. <br />The total amount paid to contractor (including advance payments) must equal the <br />total expenses for the contract. If the total amount paid to the Contractor is greater <br />than the total expenses incurred, the Contractor will pay BCBSM the difference, <br /> <br />B, The following expenses will not be reimbursed by BCBSM under this agreement. <br /> <br />1, Capital purchases <br />2, Provision of alcohol, tobacco, or other controlled substances <br />3, Gifts for staff <br />4, Pay down existing debt <br /> <br />Project Manager will communicate to contractor any additional expenses that will <br />not be reimbursed, The effective date will be the date given in the notice and will <br />only apply to expenses from that date forward, It will not be applied retroactively, <br /> <br />C, BCBSM will not reimburse for costs that were incurred for activity either before the <br />start date or after the end date of this contract stated in this contract. <br /> <br />D, Indirect or administrative costs <br /> <br />Indirect or administrative expenses on this contract cannot exceed 15% of direct <br />costs, Contractor should not automatically include 15% as their indirect rate, There <br /> <br />. <br /> <br />Page 4 of 6 <br />