STANDARD TERMS AND CONDITIONS
Expenses are passed on to the Client at cost. Where the use of a private car is required the cost will be 45p/mile. Air tickets will be purchased on the most economical fully-flexible fare consistent with the timing and duration of the flight. Intercontinental flights will normally be in business class. Where a flexible fare is not available or if the Client requests that Tower Mains Limited’s staff use restricted fares then the Client is responsible for all additional costs caused by delays, cancellations or any other reason. Flights on “point-to-point” carriers may be subject to a supplement where this involves extended check-in or transfer time. Flexible rail tickets will be purchased in business class.
Travel within Western and Central Europe will attract an additional cost of one day’s travel time, excluding within the auditor’s country of residence for which no travel time is charged. Travel to the rest of the world (i.e. outside of Western/Central Europe) will attract an additional cost of two day’s travel time. All travel time will be charged at a 50% reduced rate.
Invoices will be issued in accordance with the timetable above. The invoices will detail the professional fees and expenses incurred. Tower Mains Limited is a registered Company in the United Kingdom and pays corporation tax within the United Kingdom of the basis of its invoiced fees. Consequently, all fees are charged net of all local taxes and other deductions required by the Client’s authorities. The fee stated on the invoice is payable in full to Tower Mains Limited and the Client is responsible for any withholding sums. Tower Mains Limited will, on request, assist the Client to ensure that there is exemption from any withholding sums under agreement between the UK and the Client’s national tax authorities. All payments must be made to Tower Mains Limited and not directly to its employees or
Credit Period and Late Payment
The credit period is 30 days from the date of the invoice. Tower Mains Limited understands and will exercise its right to claim
interest and compensation for debt recovery costs if payment is not received within the credit period. Interest and compensation will
be charged at the statutory level set out in the “Late Payment of Commercial Debts Regulations” (2018 and as amemded) and the “Late
Payment of Commercial Debt (Interest) Act” (1998, as amended).
Tower Mains Limited will maintain the insurance cover required by the “Employers Liability (Compulsory Insurance) Regulations” of 1998
and as subsequently amended. Otherwise, Tower Mains Limited’s liability is limited to the cost of materials directly involved in the
activities carried out by Tower Mains Limited as defined in the scope of this specification.
Access and Availability
The Client is responsible for ensuring that Tower Mains Limited has access to the facilities, personnel, materials, documents, records and other items required for the timely conduct of the work. Any additional costs caused by delays or non-availability of access or materials, except for materials provided by Tower Mains Limited, will be the Client’s responsibility.
Cancellation at any time will result in any initial payment and all expenses necessarily incurred at the time of cancellation being charged.
Cancellation after acceptance of this specification but more than 14 days before commencement will result in 50% of the contract price being charged. Cancellation less than 14 days before commencement will result in the full contract price being charged. These charges may be reduced or waived if Tower Mains Limited is able to attract suitable replacement work.
Non-Disclosure of Confidential Information
All information relating to, or derived from, this specification is treated as confidential unless otherwise agreed. The conditions of any specific confidentiality agreement covering this specification will also apply.