Billing and Credit Terms define how services are billed, invoiced, and paid for across all engagements. These terms apply universally to all agreements in other categories and establish the financial arrangements between Bedrock IS and its clients.
Each credit term specifies payment cycles, due dates, and billing arrangements appropriate for different business relationships and cash flow requirements.
Content in this Section
- Alliance Program Invoice & Credit Terms
Invoice and credit terms for alliance partner engagements under Master Alliance Agreement
- Customer Invoice & Credit Terms
Invoice and credit terms for customer engagements under Master Customer Agreement
- General Billing Terms
Standard billing and invoicing terms applicable to all service agreements
- NET14 Credit Terms
Two calendar weeks or last business day before payment terms
- NET15 Credit Terms
Semi-Monthly on 15th and last day or last business day before payment terms
- NET28 Credit Terms
Monthly payment terms based on 13-month fiscal year
- NET30 Credit Terms
Monthly payment terms with cycle date determined by contract
- NET31 Credit Terms
Monthly payment terms posting on 1st and due on last day of month
- NET45 Credit Terms
45 calendar days or last business day before payment terms
- NET60 Credit Terms
Bi-Monthly payment terms with cycle date determined by contract
- NET7 Credit Terms
One calendar week or last business day before payment terms
- Pre-Payment and Fixed Fee Billing Terms
Terms for pre-payment arrangements and fixed fee billing structures