Payments to Subcontractors - The DESIGN Sample Clauses

Payments to Subcontractors - The DESIGN. BUILD FIRM shall promptly, within 10 days after receipt of payment from the OWNER, pay all the amount due subcontractors less a retainage of ten percent (10%) until the project is fifty percent (50%) complete. After 50- percent completion, as defined above, of the construction services purchased pursuant to the contract, the DESIGN-BUILD FIRM may elect to withhold retainage from payments to its subcontractors at a rate higher than 5 percent. The specific amount to be withheld must be determined on a case-by-case basis and must be based on the DESIGN-BUILD FIRM’s assessment of the subcontractor's past performance, the likelihood that such performance will continue, and the DESIGN-BUILD FIRM’s ability to rely on other safeguards. The DESIGN-BUILD FIRM shall notify the subcontractor, in writing, of its determination to withhold more than 5 percent of the progress payment and the reasons for making that determination, and the DESIGN-BUILD FIRM may not request the release of such retained funds from the local governmental entity. If at Final Completion there should remain items to be completed, the DESIGN-BUILD FIRM and OWNER shall list those items required for completion and the DESIGN-BUILD FIRM shall continue to withhold up to one hundred fifty percent (150%) of the total costs to complete such items, provided that said unfinished items are listed separately and the estimated cost of completing any unfinished items likewise listed separately. If a local governmental entity makes any payment of retainage to the DESIGN-BUILD FIRM which is attributable to the labor, services, or materials supplied by one or more subcontractors or suppliers, the DESIGN- BUILD FIRM shall timely remit payment of such retainage to those subcontractors and suppliers. Before issuance of final payment without any retainage, the subcontractor shall submit satisfactory evidence that all payrolls, material bills and other indebtedness connected with the Project have been paid or otherwise satisfied, warranty information is complete, as- built markups have been submitted and instruction for the OWNER's operating and maintenance personnel is complete. Final payment may be made to certain select subcontractors whose work is satisfactorily completed prior to the total completion of the Project but only upon approval of the OWNER.
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Related to Payments to Subcontractors - The DESIGN

  • Payments to Subcontractors Develop and implement a procedure for the review, processing and payment of applications by subcontractors for progress and final payments.

  • Payment to Subcontractors (If applicable) As required by Minnesota Statute § 16A.1245, the prime Contractor must pay all subContractors, less any retainage, within 10 calendar days of the prime Contractor’s receipt of payment from the State for undisputed services provided by the subContractor(s) and must pay interest at the rate of one and one-half percent per month or any part of a month to the subContractor(s) on any undisputed amount not paid on time to the subContractor(s).

  • Prompt Payment to Subcontractors (a) Within 7 days of receipt by the Contractor of each payment from the City under this contract, the Contractor shall pay all Subcontractors (which term includes subconsultants and suppliers) based on work completed or service provided under the subcontract. Should any payment to the Subcontractor be delayed by more than 7 days after receipt of payment by the Contractor from the City under this contract, the Contractor shall pay the Subcontractor interest, beginning on the 8th day, at the rate of 1% per month or fraction thereof on such unpaid balance as may be due. By appropriate litigation, Subcontractors shall have the right to enforce this subsection (a) directly against the Contractor, but not against the City of Durham.

  • PAYMENT TO SUB-CONTRACTORS 12.1 Transnet reserves the right, in its sole discretion, to make payment directly to the sub-contractor of the Supplier/Service Provider, subject to the following conditions:

  • To Subcontractor(s) a. Within seven (7) days of the Contractor’s receipt of payment from the County for the proportionate share of the payment received for work performed by the subcontractor(s) under the contract a Contractor awarded a contract under this solicitation is hereby obligated:

  • APPLICABILITY TO SUBCONTRACTORS Respondent agrees that all contracts it awards pursuant to the contract awarded as a result of this Agreement will be bound by the foregoing terms and conditions.

  • Right to Subcontract The Carrier at its discretion may subcontract on any terms the whole or any part of the Carriage.

  • Specific Provisions for Access Rights to Software For the avoidance of doubt, the general provisions for Access Rights provided for in this Section 9 are applicable also to Software. Parties’ Access Rights to Software do not include any right to receive source code or object code ported to a certain hardware platform or any right to receive respective Software documentation in any particular form or detail, but only as available from the Party granting the Access Rights.

  • Changes to Sub-processors 10.1 MailChimp shall (i) provide an up-to-date list of the Sub-processors it has appointed upon written request from Customer; and (ii) notify Customer (for which email shall suffice) if it adds or removes Sub-processors at least 10 days prior to any such changes.

  • AMENDMENTS TO SERVICE AGREEMENT With effect from the date of this Deed the Parties agree that the Service Agreement is varied so that:

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