C-65.1, r. 8 - Regulation respecting payment of interest to government suppliers

Section 3 Disposition versions

2012-09-01

3. In this Regulation, unless the context indicates otherwise,

(a)  “acceptance” means a notice issued and dated that is affixed to a delivery note or to any other document of the same nature in replacement of such note, for the purpose of acknowledging that goods were delivered, a service rendered or work carried out in accordance with the conditions provided for in a contract or the fact of taking possession of or using the goods or services offered by a supplier;

(b)  “contract” means a document containing all the clauses relative to the rights, obligations and responsibilities of the parties for the purposes of fulfilling the objectives explicitly defined therein;

(c)  “interest” means the value or sum of money paid for the overdue payment of a debt;

(d)  “day” means a calendar day;

(e)  “supplier” means a natural person doing business alone under his own name or a firm name, a partnership or a legal person with whom or which the Government has made a contract or verbal agreement to obtain goods or services;

(f)  “payment period” means the period comprised between the date on which the bill was received or the date of the acceptance, whichever is later, and the date on which a payment is issued;

(g)  “bill” means a document determined in accordance with a contract or verbal agreement, by a supplier or a Department, relative to determining the amount of a debt following the full or partial execution of the contract.

R.R.Q., 1981, c. A-6, r. 18, s. 3; O.C. 913-83, s. 1; O.C. 396-84, s. 1.