To include, for example:
1.Contract Price (VAT inclusive/exclusive, as applicable) – including risk sharing arrangements (where appropriate).
2.Time of payment.
3.Method of payment.
4.Provisions relating to the above and pricing generally, for example:
“(a)The only sums payable by the PCT to the Contractor for the provision of the Services shall be the Contract Price. esponsibility of the Contractor.
(b)In accordance with the Contract, where the Contractor is required to provide Deliverables, the PCT shall be entitled to withhold payment of the Contract Price pending receipt and acceptance of the Deliverables in accordance with the Specification.
(c)Unless otherwise agreed in writing by the PCT, within 15 days of the end of each calendar month, the Contractor shall invoice the PCT for any Services provided by the Contractor in that calendar month. Such invoice shall be rendered on the Contractor's own invoice form clearly marked with the PCT’s order number (if any). Invoices must show the period to which they relate and the aspects of the Services for which payment is claimed together with the agreed charging rates and any other details the PCT may require. Failure to provide such information will entitle the PCT to delay payment of the Contract Price until such information is provided.
(d)Subject to (b), (c), (d) and (e), the PCT shall pay any invoice submitted by the Contractor in accordance with (c) above within 30 days of receipt by the PCT of such invoice. The PCT shall pay such invoice(s) by BACS (Bank Automated Clearing System) if it so chooses or any alternate means as agreed between the PCT and the Contractor.
78 The items listed here are only examples. They are not intended to be exhaustive and may not all be relevant. Please see the accompanying guidance document for further advice.