Contractor Payment Information 2008

Timesheets and invoices

Timesheets and invoices should be sent to :

Contractor Payments Department, Parity Resources Ltd, Vantage Point, 23 Mark Road, Hemel Hempstead, Herts, HP2 7DN

Due to legal implications Parity will only accept original timesheets and cannot accept faxed timesheets.

Payment and transfer of funds

Standard procedure for the majority of Parity contractors is to receive payment on a monthly basis by electronic funds transfer. Timesheets in respect of each accounting period, i.e. up to and including the last Friday of each month, that are received during the week following that Friday, from first post on Monday morning , up to and including second post Friday lunchtime (12.30 pm) are processed for payment. Providing we have all relevant contract documentation, cleared available funds will be at your bank by 9.30 am on the following Thursday.

Example:
For February 2008, we would expect to receive signed timesheets covering the period 28th January 2008 to 29th February 2008 during the week commencing 3rd March – up to the 12.30 pm Friday 7th March deadline. Payment will be made as cleared funds on the following Thursday – 13th March 2008.