Common use of Payments by Contractor Clause in Contracts

Payments by Contractor. The Contractor shall pay for (a) all transportation and utility services not later than the 20th day of the calendar month following that in which services are rendered; (b) all material, tools, and other expendable equipment to the extent of 90% of the cost thereof, not later that the 20th day of the calendar month following that in which such materials, tools and equipment are delivered at the site of the project, and the balance of the cost thereof, not later than the 30th day following the completion of tat part of the Work in or on which such material, tools and equipment are incorporated or used; and (c) to each of his sub-contractors, not later that the 5th day following each payment to the Contractor the respective amounts allowed the Contractor on account of the Work performed by his subcontractors to the extent of each subcontractor’s interest therein.

Payments by Contractor. The Contractor shall pay for (a) all transportation and utility services not later than the 20th day of the calendar month following that in which services are rendered; (b) all material, tools, and other expendable equipment to the extent of 90% of the cost thereof, not later that the 20th day of the calendar month following that in which such materials, tools and equipment are delivered at the site of the project, and the balance of the cost thereof, not later than the 30th day following the completion of tat part of the Work work in or on which such material, tools and equipment are incorporated or used; and (c) to each of his sub-sub- contractors, not later that the 5th day following each payment to the Contractor the respective amounts allowed the Contractor on account of the Work work performed by his subcontractors to the extent of each subcontractor’s interest therein.

Payments by Contractor. The Contractor CONTRACTOR shall pay for (a) for all transportation and utility services not no later than the 20th day of the calendar month following that in which services are rendered; , (b) for all materialmaterials, tools, tools and other expendable equipment to the extent of 90% of the ninety-five percent (95%) cost thereof, not no later that than the 20th day of the calendar month following that in which such materials, tools and equipment are delivered at the site of the project, and the balance of the cost thereof, not no later than the 30th day following the completion of tat that part of the Work work in or on which such materialmaterials, tools and equipment are incorporated or used; , and (c) to each of his sub-contractorsSubcontractors, not no later that than the 5th day following each payment to the Contractor CONTRACTOR, the respective amounts allowed the Contractor CONTRACTOR on account of the Work work performed by his subcontractors Subcontractors to the extent of each subcontractor’s Subcontractors interest therein.

Payments by Contractor. The Contractor shall pay for (a) for all transportation and utility services not later than the 20th day of the calendar month following that in which such services are rendered; (b) for all materialmaterials, tools, and other expendable equipment to the extent of ninety percent (90% %) of the cost thereof, not later that than the 20th day of the calendar month following that in which such materials, tools tools, and equipment are delivered at the site of the project, and the balance of the cost thereof, thereof not later than the 30th 20th day following the completion of tat that part of the Work work in or on which such materialmaterials, tools tools, and equipment are incorporated or used; and and, (c) to each of his sub-contractorsSubcontractors, not later that than the 5th day following each payment to the Contractor Contractor, the respective amounts allowed the Contractor on account of the Work work performed by his subcontractors Subcontractors, to the extent of each subcontractor’s Subcontractor's interest therein.