Contractors interested in providing an early payment discount should discuss the matter with the ministry representative. Early payment discounts are not considered in the evaluation of bids. To reduce mailing time in the payment process, contractors may request that contract payments be deposited directly into their bank account. To apply, contact the finance section of your local ministry office to obtain a Direct Deposit Application Form. Bring a voided company cheque with you.
New applications require four to six weeks to process.
Contractor Invoicing Invoices must contain sufficient detail to be identified with the specific contract. The GST will be removed from any invoices, including expense claims. It is the responsibility of the contractor to apply directly to Revenue Canada for Input Tax Credits for any GST paid on the contract. Expenses Some contracts, usually professional or consulting services, allow for reimbursement of reasonable expenses referred to as cost recoverable contractors. The contract will detail the types of expenses that will be reimbursed, up to a maximum dollar amount.