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Our fees are stated in our fee
proposal letter or such later correspondence confirming our
appointment and are due for payment within 28 days of the invoice
date (or other payment terms agreed in writing). |
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Invoices may be submitted at
our discretion proportionate to the work executed, but no more
frequently than one invoice per month. |
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We reserve the right to charge
interest on amounts unpaid, calculated on a daily basis, from
the 29th day following the date of the invoice at the rate of
3% above National Westminster Bank’s base rate. |
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The final date for payment of
any sum due including any interest added shall be 56 days after
the invoice date. |
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If a party to this contract
disagrees with an invoiced amount, that party may give notice
to us not later than 5 days after the date payment became due,
specifying the amount (if any) of the payment made or proposed
to be made, the amount withheld and the basis on which these
amounts were calculated |
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.Payment may not be withheld
after the final date for payment unless an effective notice
to withhold payment has been given. |
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In the event of postponement
or termination, for whatever cause, we reserve the right to
charge for work carried out in accordance with the fee basis
agreed for the appointment. |
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Should any invoice not be paid by the final date
for payment in accordance with the terms of our appointment,
and no effective notice has been given, we reserve the right
to suspend work until payment is made, and we shall not be responsible
for any additional costs incurred by the Client as a result
thereof. |
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Where there are disputed fee invoices, this
shall not entitle the Client to withhold the payment of undisputed
invoices or parts thereof. |
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In the event of a dispute under or in connection
with this contract, any party to the contract has the right,
at any time, to refer the dispute to adjudication. |
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The procedure to be adopted for such adjudication
shall be as set down in the Model Adjudication Procedure (MAP)
last published by the Construction Industry Council. |
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The referring party shall request the President
or Vice President of the Royal Institution of Chartered Surveyors
or the Chartered Institute of Arbitrators to nominate an adjudicator
in accordance with the MAP. |
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The terms of our appointment may only be varied
if accepted in writing by a Director of this Company |
G M Energy Limited
Registered office:
Grafton Lodge,
Grafton Road,
Worthing.
BN11 1QJ
Registered No: 4167978 |
