Interest Penalties to Contractors. Section 8.28.1.1 The District will pay interest penalties on amounts due to the A/E under the Quick Payment Act, D.C. Official Code §2-221.01 et seq., for the period beginning on the day after the required payment date and ending on the date on which payment of the amount is made. Interest shall be calculated at the rate of 1% per month. No interest penalty shall be paid if payment for the completed delivery of the item of property or service is made on or before:
Appears in 14 contracts
Interest Penalties to Contractors. Section 8.28.1.1 14.4.1.1 The District will pay interest penalties on amounts due to the A/E Contractor under the Quick Payment Act, D.C. Official Code §2-221.01 et seq., for the period beginning on the day after the required payment date and ending on the date on which payment of the amount is made. Interest shall be calculated at the rate of 1% per month. No interest penalty shall be paid if payment for the completed delivery of the item of property or service is made on or before:
Appears in 7 contracts
Samples: Design Build Agreement, Agreement, Design Build Agreement
Interest Penalties to Contractors. Section 8.28.1.1 15.5.1.1 The District will pay interest penalties on amounts due to the A/E Design-Builder under the Quick Payment Act, D.C. Official Code §2-221.01 et seq., for the period beginning on the day after the required payment date and ending on the date on which payment of the amount is made. Interest shall be calculated at the rate of 1% per month. No interest penalty shall be paid if payment for the completed delivery of the item of property or service is made on or before:
Appears in 5 contracts
Samples: Agreement, Design Build Agreement, Agreement
Interest Penalties to Contractors. Section 8.28.1.1 15.5.1.1 The District will pay interest penalties on amounts due to the A/E Contractor under the Quick Payment Act, D.C. Official Code §2-221.01 et seq., for the period beginning on the day after the required payment date and ending on the date on which payment of the amount is made. Interest shall be calculated at the rate of 1% per month. No interest penalty shall be paid if payment for the completed delivery of the item of property or service is made on or before:
Appears in 5 contracts
Interest Penalties to Contractors. Section 8.28.1.1 The District will pay interest penalties on amounts due to the A/E under the Quick Payment Act, D.C. Official Code §2-221.01 et seq., for the period beginning on the day after the required payment date and ending on the date on which payment of the amount is made. Interest shall be calculated at the rate of 1% per month. No interest penalty shall be paid if payment for the completed delivery of the item of property or service is made on or before:: rd
Appears in 5 contracts
Samples: Architectural and Engineering Services Agreement, Agreement, Agreement
Interest Penalties to Contractors. Section 8.28.1.1 G.6.1.1 The District will pay interest penalties on amounts due to the A/E Contractor under the Quick Payment Act, D.C. Official Code §2-221.01 et seq., for the period beginning on the day after the required payment date and ending on the date on which payment of the amount is made. Interest shall be calculated at the rate of 1% per month. No interest penalty shall be paid if payment for the completed delivery of the item of property or service is made on or before:
Appears in 3 contracts
Samples: app.ocp.dc.gov, app.ocp.dc.gov, app.ocp.dc.gov
Interest Penalties to Contractors. Section 8.28.1.1 14.4.1.1 The District will pay interest penalties on amounts due to the A/E Contractor under the Quick Payment Act, D.C. Official Code §2-221.01 et seq., for the period beginning on the day after the required payment date and ending on the date on which payment of the amount is made. Interest shall be calculated at the rate of 11.5% per month. No interest penalty shall be paid if payment for the completed delivery of the item of property or service is made on or beforebefore the required payment date:
Appears in 2 contracts
Interest Penalties to Contractors. Section 8.28.1.1 14.5.1.1 The District will pay interest penalties on amounts due to the A/E Contractor under the Quick Payment Act, D.C. Official Code §2-221.01 et seq., for the period beginning on the day after the required payment date and ending on the date on which payment of the amount is made. Interest shall be calculated at the rate of 1% per month. No interest penalty shall be paid if payment for the completed delivery of the item of property or service is made on or before:
Appears in 2 contracts
Samples: Agreement, This Agreement
Interest Penalties to Contractors. Section 8.28.1.1 15.5.1.1 The District will pay interest penalties on amounts due to the A/E Contractor under the Quick Payment Act, D.C. Official Code §2-221.01 et seq., for the period beginning on the day after the required payment date and ending on the date on which payment of the amount is made. Interest shall be calculated at the rate of 1% per month. No interest penalty shall be paid if payment for the completed delivery of the item of property or service is made on or before:
Appears in 2 contracts
Interest Penalties to Contractors. Section 8.28.1.1 G.7.1.1 The District will pay interest penalties on amounts due to the A/E Contractor under the Quick Payment Act, D.C. Official Code §§ 2-221.01 et seq., as amended, for the period beginning on the day after the required payment date and ending on the date on which payment of the amount is made. Interest shall be calculated at the rate of 1at least 1.5% per month. No interest penalty shall be paid if payment for the completed delivery of the item of property or service is made on or beforebefore the required payment date. The required payment date shall be:
Appears in 1 contract
Samples: app.ocp.dc.gov
Interest Penalties to Contractors. Section 8.28.1.1 G.5.1.1 The District will pay interest penalties on amounts due to the A/E Contractor under the Quick Payment Act, D.C. Official Code §2-221.01 et seq., for the period beginning on the day after the required payment date and ending on the date on which payment of the amount is made. Interest shall be calculated at the rate of 1% per month. No interest penalty shall be paid if payment for the completed delivery of the item of property or service is made on or before:
Appears in 1 contract
Samples: www.bidnet.com
Interest Penalties to Contractors. Section 8.28.1.1 14.4.1.1 The District will pay interest penalties on amounts due to the A/E Contractor under the Quick Payment Act, D.C. Official Code §2-221.01 et seq., for the period beginning on the day after the required payment date and ending on the date on which payment of the amount is made. Interest shall be calculated at the rate of 11.5% per month. No interest penalty shall be paid if payment for the completed delivery of the item of property or service is made on or beforebefore of the required payment date:
Appears in 1 contract
Samples: Agreement
Interest Penalties to Contractors. Section 8.28.1.1 G.5.1.1 The District will pay interest penalties on amounts due to the A/E Contractor under the Quick Payment Act, D.C. Official Code §§ 2-221.01 et seq., as amended, for the period beginning on the day after the required payment date and ending on endingon the date on which payment of the amount is made. Interest shall be calculated at the rate of at least 1% per month. No xxxxx.Xx interest penalty shall be paid if payment for the completed delivery of the item of property or service is made on or before:before the required payment date. The required payment date shall be:
Appears in 1 contract
Samples: Human Care Agreement
Interest Penalties to Contractors. Section 8.28.1.1 G.6.1.1 The District will pay interest penalties on amounts due to the A/E Contractor under the Quick Payment Act, D.C. Official Code §2-221.01 et seq., for the period beginning on the day after the required payment date and ending on the date on which payment of the amount is made. Interest shall be calculated at the rate of 1% per month. No interest penalty shall be paid if payment for the completed delivery of the item of property or service is made on or before:before the 15th day after the required payment date for any other item.
Appears in 1 contract
Samples: app.ocp.dc.gov
Interest Penalties to Contractors. Section 8.28.1.1 G.6.1.1 The District will pay interest penalties on amounts due to the A/E Contractor under the Quick Payment Act, D.C. Official Code §§ 2-221.01 et seq., as amended, for the period beginning on the day after the required payment date and ending on the date on which payment of the amount is made. Interest shall be calculated at the rate of at least 1% per month. No interest penalty shall be paid if payment for the completed delivery of the item of property or service is made on or beforebefore the required payment date. The required payment date shall be:
Appears in 1 contract
Samples: www.bidnet.com
Interest Penalties to Contractors. Section 8.28.1.1 G.6.1.1 The District will pay interest penalties on amounts due to the A/E Contractor under the Quick Payment Act, D.C. Official Code §§ 2-221.01 et seq., as amended, for the period beginning on the day after the required payment date and ending on the date on which payment of the amount is made. Interest shall be calculated at the rate of 1at least 1.5% per month. No interest penalty shall be paid if payment for the completed delivery of the item of property or service is made on or beforebefore the required payment date. The required payment date shall be:
Appears in 1 contract
Samples: app.ocp.dc.gov
Interest Penalties to Contractors. Section 8.28.1.1 G.6.1.1 The District will pay interest penalties on amounts due to the A/E Provider under the Quick Payment Act, D.C. Official Code §2-221.01 et seq., for the period beginning on the day after the required payment date and ending on the date on which payment of the amount is made. Interest shall be calculated at the rate of 1% per month. No interest penalty shall be paid if payment for the completed delivery of the item of property or service is made on or before:
Appears in 1 contract
Samples: app.ocp.dc.gov