Pursuant to VA. CODE §2.2-4354, Design-Builder agrees to provide the Department, within five (5) days of the Agreement Date, its federal employer identification number.
Pursuant to VA. CODE §2.2-4354, Design-Builder agrees that, within seven (7) days following receipt of monies from the Department for work performed by any Subcontractor, Design- Builder shall either: (a) pay the Subcontractor for the proportionate share of the total payment received from the Department attributable to the work performed by the Subcontractor; or (b) notify the Department and Subcontractor, in writing, of Design-Builder’s intention to withhold all or a part of the Subcontractor’s payment, specifying the reason for the non-payment. Design-Builder also agrees that it shall include in all of its subcontracts a provision that: (a) obligates Design-Builder to pay interest to Subcontractors on all amounts owed by Design-Builder that remain unpaid after seven (7) days following receipt of monies from the Department for work performed by any Subcontractor, except for amounts withheld as allowed in the preceding sentence; (b) states, “Unless otherwise provided under the terms of this contract, interest shall accrue at the rate of one percent per month.”; and (c) obligates each Subcontractor to include or otherwise be subject to the same payment and interest requirements as specified in this Section 7.1.3 with respect to each lower-tier Sub-subcontractor.
Pursuant to VA. Code § 2.2-3808.2, an application for a subscription must be completed and submitted to the Clerk. The application must be approved by the Clerk's Office before the appropriate log on information will be issued to the subscriber.
Pursuant to VA. CODE § 2.2-4354, Design-Builder agrees to provide Department with one of the following within five (5) days of the Agreement Date: (a) their social security number if Design-Builder is doing business in his/her individual capacity; or (b) their employer identification number if Design-Builder is organized as a proprietorship, partnership, limited liability company or corporation.
Pursuant to VA. CODE §2.2-4354, Design-Builder agrees that, within seven (7) days following receipt of monies from the Department for work performed by any Subcontractor, Design-Builder shall either: (a) pay the Subcontractor for the proportionate share of the total payment received from the Department attributable to the work performed by the Subcontractor; or (b) notify the Department and Subcontractor, in writing, of Design-Builder’s intention to withhold all or a part of the Subcontractor’s payment, specifying the reason for the non-payment. Design-Builder also agrees that it shall include in all of its subcontracts a provision that: (a) obligates Design-Builder to pay interest to Subcontractors on all amounts owed by Design-Builder that remain unpaid after seven (7) days following receipt of monies from the Department for work performed by any Subcontractor, except for amounts withheld as allowed in the preceding sentence;
Pursuant to VA. CODE §2.2-4354 and §2.2-4355, Design-Builder agrees that, within seven (7) days following receipt of monies from Department for work performed by any Subcontractor, Design-Builder shall either: (a) pay the Subcontractor for the proportionate share of the total payment received from Department attributable to the work performed by the Subcontractor; or
Pursuant to VA. CODE §2.2-4354, Design-Builder agrees that, within seven (7) days following receipt of monies from the County for work performed by any Subcontractor, Design-Builder shall either: (a) pay the Subcontractor for the proportionate share of the total payment received from the County attributable to the work performed by the Subcontractor; or (b) notify the County and Subcontractor, in writing, of Design-Builder’s intention to withhold all or a part of the Subcontractor’s payment, specifying the reason for the non-payment. Design- Builder also agrees that it shall include in all of its subcontracts a provision that:
Pursuant to VA. CODE §2.2-4354, Design-Builder agrees to provide the County, within five (5) days of the Agreement Date, its federal employer identification number (FEIN).
Pursuant to VA. Code Section 2.2-4507, the Client is authorized to invest in overnight, term and open repurchase agreements that are collateralized with securities that are approved for direct investment. All repurchase agreements shall be fully collateralized by U.S. Treasury issues, agencies or U.S. Government Sponsored Enterprises (GSEs) with maturities of less than ten years and executed using the “Master Repurchase Agreement” developed by the Bond Market Association. In order to anticipate market changes and provide a level of security for all funds, the collateralization level will be 102% of the market value of principal plus accrued interest, and the value shall be adjusted daily.
Pursuant to VA. Code Section 2.2-4518, the Client is authorized to invest in deposits with the following conditions:
