Common use of Pursuant to Minn Clause in Contracts

Pursuant to Minn. Stat. § 471.425, subd. 4a, Contractor, as prime contractor, shall pay any subcontractor within ten (10) days of Contractor’s receipt of payment from MPHA for undisputed services provided by the subcontractor. Contractor is required to pay interest at 1.5% per month or any part of a month to any subcontractor on any undisputed amount not paid on time to the subcontractor. Contractor shall be responsible for any and all costs associated with subcontractor suspension of work due to failure to promptly pay pursuant to state law. For an unpaid balance of less than $100.00, Contractor shall pay the actual penalty due to the subcontractor. The minimum monthly interest penalty payment for an unpaid balance of $100.00 or more is $10.00. If subcontractor prevails in a civil action to collect interest penalties from Contractor, Contractor shall pay the subcontractor’s reasonable costs and disbursements, including attorney’s fees.

Pursuant to Minn. Stat. § 471.425, subd. 4a, Contractor, as prime contractor, contractor shall pay any subcontractor within ten (10) days of Contractor’s receipt of payment from MPHA MPHA, for undisputed services provided by the subcontractor. Contractor is required to pay interest at 1.5% per month or any part of a month to any subcontractor on any undisputed amount not paid on time to the subcontractor. Contractor shall be responsible for any and all costs associated with subcontractor suspension of or work due to failure to promptly pay pursuant to state law. For an unpaid balance of less than $100.00, Contractor shall pay the actual penalty due to the subcontractor. The minimum monthly interest penalty payment for an unpaid balance of $100.00 or more is $10.00. If subcontractor prevails in a civil action to collect interest penalties from Contractor, Contractor shall pay the subcontractor’s reasonable costs and disbursements, including attorney’s fees.