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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 />needs to be a method to the calculation of the indirect/administrative expense rate <br />or amount, and upon our request, you may be asked to explain the calculation, <br /> <br />. <br /> <br />Indirect costs are those costs that are intended to cover contract-related costs that <br />are not easily identifiable, but are necessary to conduct the work, Indirect costs are <br />the types of expenses the organization would incur whether or not it was awarded <br />the contract. Examples include rent, utilities, insurance, executive director's salary, <br />and other overhead expenses, <br /> <br />E, Contractor needs to allow approximately six weeks for payment from the date <br />invoice was submitted, <br /> <br />F, All invoices must be approved by BCBSM Project Manager in order to be paid, <br />Payment will be authorized when Project Manager determines satisfactory progress <br />is being made and costs are in agreement with budget in Appendix A. attached <br />hereto which becomes by this reference a part of this Agreement, or with agreed <br />upon changes as required in section 2, <br /> <br />5, Invoicing <br /> <br />A. Invoices must be submitted on at least a quarterly basis, but invoices can be <br />submitted as often as monthly, All invoices are due within 45 days of the ending <br />date of the reporting period, <br /> <br />. <br /> <br />B, Contractor shall use the invoice form provided by BCBSM and needs to provide all <br />information requested, Incomplete invoices or invoices not submitted in accordance <br />with the above will be returned to Contractor without payment for correction, <br /> <br />C, An invoice must be signed by the person who signed the Contract or his/her <br />designee, If there is a question as to the authority of the signer that cannot be <br />resolved to the satisfaction of BCBSM, the invoice will not be honored, <br /> <br />0, Each invoice is subject to approval by Project Manager and/or other BCBSM staff, <br />and possible audit by BCBSM before payment may be disbursed, If an invoice is <br />questioned by BCBSM, the Project Manager shall contact the Contractor within <br />fifteen (15) days of receipt of the invoice, <br /> <br />E, Mail Invoice to: <br />Blue Cross and Blue Shield of Minnesota <br />Altn, Accounts Payable Mail M109 <br />3535 Blue Cross Road <br />Eagan, Minnesota 55122-1154 <br /> <br />. <br /> <br />Page 5 of 6 <br />