The following terms and conditions relate to all work carried out by T M Costings Limited ("TMC") and will only be varied by TMC in writing.
i) All Bills of Costs are prepared and invoiced by applying either an hourly rate to the time taken to prepare the Bill of Costs or by reference to a percentage of profit costs as drawn (as agreed) subject to a minimum charge of £50.00.
ii) Any additional work is undertaken at a separately agreed hourly rate.
iii) All invoices are payable within 30 days of the invoice date in default of which TMC reserves the right to charge interest from the date of the invoice until payment in full at the rate of 2% per month compounded monthly.
iv) If an invoice is not paid and a debt recovery specialist is instructed to recover the amount of the outstanding invoice, TMC reserves the right to add the costs incurred to the amount of the invoice and to charge interest (calculated as above) on the total amount owing.
2. The client has a statutory duty and responsibility to check all draft Bills of Costs including all Counsel's fees and disbursements before certifying the same and/or dispatch to a third party including its own client.
3. Save as provided by statute TMC shall only consider issuing a credit note and/or be liable for loss or damage sustained by the client provided that the invoice for the service which gave rise to such loss or damage has been paid within 30 days of the date of issue. TMC will not be liable for any consequential loss or damage caused by the exercise by any officer of the court of his or her discretion when dealing with the assessment of costs to which the invoice relates.
4. The contract between TMC and the client is governed by English law.
Company Number 5815158. Registered Office: 57 London Road, High Wycombe, Buckinghamshire, HP11 1BS. VAT Registered Number: 855 4580 01.