2. Invoicing & Payment
2.1 Prices quoted are valid for a period of 30 days. Daily rates quoted are for standard business days from 09:00hrs-17:00hrs or part thereof. Client recognises that time and a half applies from 17:00hrs-21:00hrs and 07:00hrs-09:00hrs during standard business days, double time applies from 21:00hrs-24:00hrs during standard business days and from 09:00hrs-21:00hrs on Saturdays and Sundays; triple time applies from 24:00hrs-07:00hrs all days; All other times to be agreed in advance.
2.2 BSI will invoice for good and services as follows:
2.2.1 All product will be invoice on the date of dispatch;
2.2.2 For all Consultancy, BSI will invoice client 50% of the fees payable upon commencement of the project, the remaining fees will be invoiced upon issue of draft reports or completion of on-site work, whichever is applicable.
2.2.3 For SaaS Services, BSI will invoice the commissioning and first 3 months in advance with the remaining months billed quarterly in advance
2.3 Expenses charges to be approved/mutually agreed by the client before they are incurred.
2.4 Notice of cancellation or postponement of scheduled work will only be accepted up to 14 days prior to the project commencement date. Notification must be given in writing or by email to the Business Development Manager, or the Consultant due to conduct the work. If less than 14 days’ notice of postponement or cancellation is given, 50% of the value of the project fees will be imposed. If less than 24 hours' notice of postponement or cancellation is give, 100% of the value of the project fees will be imposed.
2.5 Payment is due strictly within 30 days from the date of invoice.
2.6 If the Client fails to make any payment due to BSI by the date it falls due, without prejudice to any other right or remedy available to BSI, BSI shall be entitled to charge the Client interest on a daily basis at an annual rate equal to the aggregate of 7% and the base rate of the European Central Bank from time to time on any sum due and not paid on the due date.
2.7 Notwithstanding the foregoing, BSI retains title in all goods supplied by them to the Client until the payment by Client of all monies due for all goods and services supplied.
2.8 All training is invoiced 25 working days in advance and is payable prior to course start date. To facilitate exam administration, payment for Certified Programs must be received 10 working days prior to course start date.