Common use of Invoice and Billing Clause in Contracts

Invoice and Billing. 6.1 In consideration of the provision of the Works by NP Group, the Client shall pay the SoW Charges as specified in the Statement of Work. 6.2 Where the SoW Charges are calculated on a time and materials basis: (a) NP Group shall either charge for Consultancy Services based on an hourly fee rate or a standard daily fee rate (calculated on the basis of 8 hours worked during Business Hours and which allows for a one-hour unpaid break during the Business Day); (b) NP Group shall only be entitled to charge an overtime rate on a pro-rata basis for any time worked by its Personnel whom it engages on the Works outside Business Hours at its standard rate of 1.5 x daily rate or hour- ly rate (if applicable) for evenings and weekends, and at the standard rate of 2 x daily rate or hourly rate (if ap- plicable) where Works are performed on any public or bank holiday unless otherwise agreed in the Statement of Work; and (c) NP Group shall ensure that it delivers time reports in support of any SoW Charges raised under an invoice. 6.3 Where the SoW Charges are calculated on a fixed price basis or based on completion of Milestones, the structure of those charges, Milestones, and amount allocated to each Milestone shall be as set out in a State- ment of Work. The Parties shall agree a sign off procedure in the event that Works are to be delivered based on Milestones and or based on completion of Deliverables, which will be set out in the Statement of Work. 6.4 NP Group shall invoice the Client for the SoW Charges at the intervals specified, or on the achievement of the Milestones indicated, in the Statement of Work. If no intervals are so specified, NP Group shall invoice the Cli- ent at the end of each month for Works performed during that month. 6.5 The Client shall pay each invoice submitted to it by NP Group within 30 days of receipt to a bank account nominated in writing by NP Group from time to time. 6.6 Without prejudice to any other right or remedy that it may have, if the Client fails to pay NP Group any sum due under this agreement on the due date the Client shall pay interest on the overdue amount at the rate of 8% per annum above the Bank of England base rate from time to time. Such interest shall accrue on a daily basis from the due date until actual payment of the overdue amount, whether before or after judgment. The Client shall pay the interest together with the overdue amount. NP Group may suspend part or all of the Works until pay- ment has been made in full. 6.7 All sums payable to NP Group under this agreement are exclusive of VAT, and the Client shall in addition pay an amount equal to any VAT chargeable on those sums on delivery of a VAT invoice. All invoices must be paid in full without any set-off, counterclaim, deduction or withholding (other than any deduction or withholding of tax as required by law). 6.8 If the Client refuses to approve or sign off delivery of any Works under a Statement of Work or otherwise disputes an invoice, it must raise a Dispute within 14 days of receipt of an invoice from NP Group through the dispute resolution procedure in clause 31. If the Client has not confirmed acceptance of the Services and any deliverables by the methods already stated in this clause, and has not raised a Dispute through the dispute reso- lution procedure in clause 31, the Client shall be deemed to have accepted the Works and Deliverables (and in accordance with any Milestones) and shall promptly authorise or sign off on any delivery of Works or any Deliv- erables and shall make payment of NP Group’s invoice. If the Client refuses to authorise or sign off on any de- livery of the Works or any Deliverables, notwithstanding no Dispute has been raised, NP Group shall be entitled to raise an invoice for the SoW Charges irrespective.

Invoice and Billing. 6.1 In consideration of the provision of the Works by NP GroupSocium, the Client shall pay the SoW Schedule Charges as specified in the Statement of WorkSchedule. 6.2 Where the SoW Schedule Charges are calculated on a time and materials basis: (a) NP Group 6.3 Socium shall either charge for Consultancy Services based on an hourly fee rate or a standard daily fee rate (calculated on the basis of 8 hours worked during Business Hours and which allows for a one-hour unpaid break during the Business Day); (b) NP Group 6.4 Socium shall only be entitled to charge an overtime rate on a pro-rata basis for any time worked by its Personnel whom it engages on the Works outside Business Hours at its standard rate of 1.5 x daily rate or hour- ly hourly rate (if applicable) for evenings and weekends, and at the standard rate of 2 x daily rate or hourly rate (if ap- plicableapplicable) where Works are performed on any public or bank holiday unless otherwise agreed in the Statement of WorkSchedule; and (c) NP Group 6.5 Socium shall ensure that it delivers time reports in support of any SoW Schedule Charges raised under an invoice. 6.3 6.6 Where the SoW Schedule Charges are calculated on a fixed price basis or based on completion of Milestones, the structure of those charges, Milestones, and amount allocated to each Milestone shall be as set out in a State- ment of WorkSchedule. The Parties shall agree a sign off procedure in the event that Works are to be delivered based on Milestones and or based on completion of Deliverables, which will be set out in the Statement of WorkSchedule. 6.4 NP Group 6.7 Socium shall invoice the Client for the SoW Schedule Charges at the intervals specified, or on the achievement of the Milestones indicated, in the Statement of WorkSchedule. If no intervals are so specified, NP Group Socium shall invoice the Cli- ent Client at the end of each month for Works performed during that month. 6.5 6.8 The Client shall pay each invoice submitted to it by NP Group Socium within 30 days of receipt to a bank account nominated in writing by NP Group Socium from time to time. 6.6 6.9 Without prejudice to any other right or remedy that it may have, if the Client fails to pay NP Group Socium any sum due under this agreement on the due date the Client shall pay interest on the overdue amount at the rate of 8% per annum above the Bank of England base rate from time to time. Such interest shall accrue on a daily basis from the due date until actual payment of the overdue amount, whether before or after judgment. The Client shall pay the interest together with the overdue amount. NP Group Socium may suspend part or all of the Works until pay- ment payment has been made in full. 6.7 6.10 All sums payable to NP Group Socium under this agreement are exclusive of VAT, and the Client shall in addition pay an amount equal to any VAT chargeable on those sums on delivery of a VAT invoice. All invoices must be paid in full without any set-off, counterclaim, deduction or withholding (other than any deduction or withholding of tax as required by law). 6.8 6.11 If the Client refuses to approve or sign off delivery of any Works under a Statement of Work Schedule or otherwise disputes an invoice, it must raise a Dispute within 14 days of receipt of an invoice from NP Group Socium through the dispute resolution procedure in clause 31. If the Client has not confirmed acceptance of the Services and any deliverables by the methods already stated in this clause, and has not raised a Dispute through the dispute reso- lution resolution procedure in clause 31, the Client shall be deemed to have accepted the Works and Deliverables (and in accordance with any Milestones) and shall promptly authorise or sign off on any delivery of Works or any Deliv- erables Deliverables and shall make payment of NP GroupSocium’s invoice. If the Client refuses to authorise or sign off on any de- livery of the Works or any Deliverables, notwithstanding no Dispute has been raised, NP Group Socium shall be entitled to raise an invoice for the SoW Schedule Charges irrespective.