Prompt Pay Requirements. The STATE requires that the DESIGN-BUILD TEAM pay subcontractors promptly for their work after receipt of payment for the associated work from the STATE. The DESIGN-BUILD TEAM shall pay each subcontractor for work performed under its subcontract no later than thirty (30) calendar days from the date the DESIGN-BUILD TEAM receives payment for the work from the STATE. The DESIGN-BUILD TEAM shall not withhold retainage from any payment to a subcontractor. These same prompt payment requirements apply to subcontractors at all tiers.
Appears in 3 contracts
Sources: Progressive Design Build Contract, Progressive Design Build Contract, Progressive Design Build Contract