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Invoices, supported by certified
disbursement claims will be provided at logical intervals (generally per
deliverable) and full payment of invoices is due within 15 (fifteen) days of the
date of presentation.
If
invoices accounts are not paid within 15 days after receipt of the relevant
invoice, interest shall be charged at the prime interest rate at quantumiii’s
bank, compounded monthly.
Invoices to the Client shall show a clear distinction between professional fees,
and disbursements.
Disbursement shall be itemised to allow convenient identification of specific
expense items. Where applicable quantumiii shall supply original receipts or
copies thereof certified by the Project Leader or CE as proof of payment of
disbursements.
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