Part C - Price and payment
- C1.1 The Council shall pay the Price for the Goods to the Contractor.
- C1.2 The Contractor shall submit a single VAT invoice to the Council no later than seven days after the end of each calendar month detailing the Goods provided during the calendar month and the amount payable.
- C1.3 Payment of any undisputed invoice will be made no later than 30 days following the date of receipt of the invoice by the Council. An undisputed invoice is a compliant invoice which has been received at the designated payment address (postal or email).
- C1.4 The Council reserves the right to withhold payment of the relevant part of the Price, without payment of interest, where the Contractor has either failed to deliver the Goods at all or has delivered Goods which, in the reasonable opinion of the Council, are unsatisfactory. Any invoice relating to such Goods will not be paid unless or until the Goods have been delivered to the Council’s satisfaction.
- C1.5 Under the Late Payment of Commercial Debts (Interest) Act 1998, When valid and undisputed invoices are not paid within 30 days, interest becomes payable to the supplier. Any overdue sums will bear interest from the due date until payment is made at 8% per annum over the Bank of England base rate from time-to-time. The Contractor is not entitled to suspend deliveries of the Goods as a result of any overdue sums.
- C1.6 The Council will be entitled but not obliged at any time or times without notice to the Contractor to set off any liability of the Council to the Contractor against any liability of the Contractor to the Council (in either case however arising and whether any such liability is present or future, liquidated or un-liquidated and irrespective of the currency). The Council may for such purpose convert or exchange any sums owing to the Contractor into any other currency or currencies in which the obligations of the Council are payable under this Contract. The Council’s rights under this clause will be without prejudice to any other rights or remedies available to the Council under this Contract or otherwise.
- C1.7 Further details of payment, if any, are set out in the Pricing Schedule.