PAYMENTS TO MEMBERS

1. Invoicing the client will be carried out by CXC Management CC South Africa.

2. The contractor is required to submit time sheets signed off by the client at specified intervals. One copy is to go to the client if required in the terms of the contract, a second copy is to be faxed to this office and a third retained for your own records.

The time sheets must show your name, your company name, the client to whom the services have been provided, as well as:

a. Your monthly ending date
b. Hours worked each day
c. Separate hours for overtime or special rates per the contract
d. Signature of the client or clients.

3. CXC Management CC South Africa will then invoice the client.

4. Once the client pays CXC Management CC South Africa, payment will be made to the contractor/member upon receipt of electronic transfer of funds from the contracting party or clearance of cheque.

5. The 5% management fee will be applied to Gross Income.

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