PAYMENT TERMS SALES:
Payment terms are agreed prior to the contract commencing, invoicing is based on either upfront payments for non-account customers or on credit terms payable on the terms agreed. Sales of are invoiced on agreed terms and either upfront payments or invoiced on delivery.
Worldwide sales are either an upfront payment before delivery, by Escrow agreement (paid by client) or by letter of credit from a clearing bank, we also accept most major credit and debit cards and BACS and CHAPS bank transfers, we can accept UK Sterling, Euro & US Dollar currencies in our Corporate accounts, so if you wish to be quoted in your own currency please ask otherwise all transactions at UK £.
To apply a credit account please email info@fastformsystems.com
For the avoidance of doubt the parties agree that this contract should be treated as if it were a ‘construction contract’ for the purposes of the Housing Grants, Construction and Regeneration Act 1996 (‘the Act’) as amended and Scheme for Construction Contracts (Amended) (England and Wales) Regulations 1998 (‘the Scheme’) as amended and the parties agree that all terms implied by the Act and the Scheme are implied into this contract by agreement To the extent these terms and conditions do not conform to the requirements of the Act and the Scheme with regards payment, the default provisions under the Act and the Scheme shall apply.
The Due Dates for payment shall be agreed prior to the sale.
The Final Date for Payment for all payments shall be 30 days after the Due Date for Payment (the Due Date for payment being included within the 30 days) unless we have agreed alternative terms in which case the number of days agreed shall become the due date and all other conditions remain.
LATE PAYMENT
The interest due on late payment of invoices is 10% above the annual base rate as set from time to time by HSBC Bank and charged on a compounded daily rate, any legal costs for recovery of outstanding monies shall be Bourne by the client.
Rental / Hire T & C’s:
Please note payment terms on rental of our systems are under CPA (Construction Plant Hire Association) standard T & C’s, a copy of which will be provided with any quotation for rental of our equipment. For rental of our equipment please visit our main website www.fastformsystems.com / www.sheetpilecappingsystem.co.uk / www.roadforms.com
