Q&A
Timeline and payment schedule for IBSP contracts
0:51:02
·
96 sec
Council Member Farías inquires about the timeline and payment schedule for IBSP contracts. SBS representatives explain the current process and monitoring of payments.
- Current contracts are in progress, with SBS drafting scopes and planning to incorporate survey results
- IBSPs invoice SBS, and SBS pays upon receipt of invoices
- SBS works closely with internal teams and across the city to manage the contracting process
- SBS monitors payment delays and assists partners when challenges arise
- Council Member Farías expresses concern about the city's track record of timely payments
Kitty Chan
0:51:02
The current contracts
Sherry Lane
0:51:04
are we we wanna be intentional about, having some time to factor in, responses from the surveys, but are in progress of of drafting the scopes and look forward to analyzing the results and and, thinking critically about how to integrate them.
Amanda Farías
0:51:21
Okay.
0:51:22
And what's the payment schedule for IBSPs?
Sherry Lane
0:51:30
In terms of how their contracts are invoiced?
0:51:33
Yes.
0:51:35
The IBSP providers will invoice SBS, and SBS will, pay pay the invoices upon receipt.
Amanda Farías
0:51:42
And do you guys monitor how many times contracts are paid on time versus delayed?
Sherry Lane
0:51:54
We work closely with, our teams internal to SBS and across the city to do the best that we can to manage the contracting process and ensure that our, contracts are clearly articulated and and providers are able to be paid for the work that they provide.
Amanda Farías
0:52:13
When I'm talking on timing, do you guys do you folks monitor when contracts are being paid out with a delay, or are they regularly paid?
0:52:21
I mean, the city is not so great at paying people on time, so that's why I'm asking.
Kitty Chan
0:52:27
Yes.
0:52:27
We do.
0:52:28
We have a, very, good relationship with our partners, and we're aware of when they reach challenges.
0:52:35
And then we actually try to assist them as much as possible.
