Common use of EFT Payments Clause in Contracts

EFT Payments. Owner, upon written notice to the Contractor, may elect to make payments to Contractor by means of Electronic Funds Transfers (EFT) through automated clearinghouse payments. If Owner makes this election, Contractor shall make the necessary arrangements to receive such EFT payments.

Appears in 7 contracts

Sources: Design Build Agreement, Construction Manager and General Contractor Agreement, Construction Manager and General Contractor Agreement

EFT Payments. Owner, upon written notice to the Contractor, may elect to make payments to Contractor by means of Electronic Funds Transfers (EFT) through automated clearinghouse payments. If Owner makes this election, Contractor shall make the necessary arrangements to receive such EFT payments.clearinghouse

Appears in 3 contracts

Sources: Construction Manager at Risk and General Contractor Agreement, Construction Manager at Risk and General Contractor Agreement, Construction Manager at Risk and General Contractor Agreement

EFT Payments. Owner, upon written notice to the Contractor, may elect to make payments to Contractor by means of Electronic Funds Transfers (EFT) through automated clearinghouse payments. If Owner makes this election, Contractor shall make the necessary arrangements to receive such EFT payments.. SAMPLE

Appears in 1 contract

Sources: Design Build Agreement