the following is an extract from a contract between an agency and contractor (the company) dealing with payment oblibgations:
With out me saying anything... when do YOU think the agency should be making payments?
3.
PAYMENT
3.1
On receipt of a Contractor Timesheet Form and/or Expense Form, which has been approved and signed by an authorised representative of the Client, <insert agency name> agrees to pay the Company:
(a) payments for the Services provided to the Client within the Standard Hours calculated in accordance with the Rate (calculated to the nearest quarter hour);
(b) payments for the Services provided to the Client within any hours outside the Standard Hours calculated in accordance with the Overtime Rate or any rate agreed in accordance with Clause 2.2 (c) (calculated to the nearest quarter hour) ; and
(c) payments for any reasonable travelling and other expenses PROVIDED THAT the Company produces the receipts and invoices for all incurred expenses.
3.2 <insert agency name> shall not be obliged to make any payments in relation to any Contractor Timesheet Form or Expense Form or part thereof which the Client disputes unless and until the dispute has been resolved and only then in accordance with the terms which result from the settlement of the dispute.
3.3
Any payments to be paid in accordance with Clause 3 .1 shall be paid together with any VAT chargeable thereon if appropriate.
3.4
The Company should elect and notify <insert agency name> whether it wishes to be paid by either electronic banking or by cheque .
3.5
The Company acknowledges that in order for payment to be credited and available on the relevant Monday, it should ensure that:
(a) an original Contractor Timesheet Form and Expense Form are submitted at the latest by 5.30pm on the Wednesday following the last week or part'of week worked. Facsimile copies of the Contractor Timesheet Form or Expense Form will not be accepted without <insert agency name>'s
Payroll Department's consent; and
(b)
its bank details (including the name and address of the Bank or Building Society, name and number of account, sort code or reference number and VAT registration number, if
appropriate) are submitted to <insert agency name> together with the first Contractor Timesheet Form and at times when such details change.
3.6
<insert agency name> shall use its reasonable endeavours to rectify any mistake in payment within five (5) working days of being notified in writing of such mistake.
PAYMENT
3.1
On receipt of a Contractor Timesheet Form and/or Expense Form, which has been approved and signed by an authorised representative of the Client, <insert agency name> agrees to pay the Company:
(a) payments for the Services provided to the Client within the Standard Hours calculated in accordance with the Rate (calculated to the nearest quarter hour);
(b) payments for the Services provided to the Client within any hours outside the Standard Hours calculated in accordance with the Overtime Rate or any rate agreed in accordance with Clause 2.2 (c) (calculated to the nearest quarter hour) ; and
(c) payments for any reasonable travelling and other expenses PROVIDED THAT the Company produces the receipts and invoices for all incurred expenses.
3.2 <insert agency name> shall not be obliged to make any payments in relation to any Contractor Timesheet Form or Expense Form or part thereof which the Client disputes unless and until the dispute has been resolved and only then in accordance with the terms which result from the settlement of the dispute.
3.3
Any payments to be paid in accordance with Clause 3 .1 shall be paid together with any VAT chargeable thereon if appropriate.
3.4
The Company should elect and notify <insert agency name> whether it wishes to be paid by either electronic banking or by cheque .
3.5
The Company acknowledges that in order for payment to be credited and available on the relevant Monday, it should ensure that:
(a) an original Contractor Timesheet Form and Expense Form are submitted at the latest by 5.30pm on the Wednesday following the last week or part'of week worked. Facsimile copies of the Contractor Timesheet Form or Expense Form will not be accepted without <insert agency name>'s
Payroll Department's consent; and
(b)
its bank details (including the name and address of the Bank or Building Society, name and number of account, sort code or reference number and VAT registration number, if
appropriate) are submitted to <insert agency name> together with the first Contractor Timesheet Form and at times when such details change.
3.6
<insert agency name> shall use its reasonable endeavours to rectify any mistake in payment within five (5) working days of being notified in writing of such mistake.
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