Common use of Recharge Clause in Contracts

Recharge. 25.1 The SIA is funded by the licensing of individuals and the Approved Contractor Scheme. On an annual basis, the Home Office charges the SIA for services it provides in relation to its sponsorship of the SIA, which includes policy support. The Home Office will provide a quarterly invoice detailing those services. 25.2 In advance of each financial year, the Home Office and SIA will discuss and agree the services the SIA requires from the Home Office in the next financial year, the necessary level of resources to sustain that service and the amount at which the SIA will be charged for the services provided. 25.3 As a means of assurance, on a quarterly basis the HOSU will provide the SIA with a completed assurance template in relation to the services rendered. 25.4 The SIA will make payments on a quarterly basis within 10 working days of receipt of a valid invoice.