Common use of Subcontractor Payments Clause in Contracts

Subcontractor Payments. In accordance with Minn. Stat. § 16A.1245, the Consultant shall pay to each subcontractor, within ten (10) calendar days of the Consultant’s receipt of payment from the State, the amount paid to the Consultant on account of the subcontractor’s work to the extent of the subcontractor’s interest therein. If the Consultant does not make said payment to any subcontractor within the specified time, the Consultant shall pay interest to the subcontractor in the amount of one and one-half percent per month, or any part of the month, on any undisputed amount not paid to the subcontractor within ten (10) calendar days of the Consultant’s receipt of payment from the State for any undisputed services provided by the subcontractor unless otherwise provided in Minn. Stat. § 16A.1245. To the extent a subcontractor provides for earlier or larger payments, the Consultant shall make payment to the subcontractor as provided for therein irrespective of the date or amount of any payment made by the State.

Subcontractor Payments. In accordance with Minn. Stat. § 16A.1245, the Consultant shall pay to each subcontractorsub-contractor, within ten (10) calendar days of the Consultant’s receipt of payment from the State, the amount paid to the Consultant on account of the subcontractorsub- contractor’s work to the extent of the subcontractorsub-contractor’s interest therein. If the Consultant does not make said payment to any subcontractor sub-contractor within the specified time, the Consultant shall pay interest to the subcontractor sub-contractor in the amount of one and one-half (1.5) percent per month, or any part of the month, on any undisputed amount not paid to the subcontractor sub-contractor within ten (10) calendar days of the Consultant’s receipt of payment from the State for any undisputed services provided by the subcontractor sub-contractor unless otherwise provided in Minn. Stat. § 16A.1245. To the extent a subcontractor sub-contractor provides for earlier or larger payments, the Consultant shall make payment to the subcontractor sub-contractor as provided for therein irrespective of the date or amount of any payment made by the State.

Subcontractor Payments. In accordance with Minn. Stat. § 16A.1245, the Consultant shall pay to each subcontractorsub-contractor, within ten (10) calendar days of the Consultant’s receipt of payment from the State, the amount paid to the Consultant on account of the subcontractorsub- contractor’s work to the extent of the subcontractorsub-contractor’s interest therein. If the Consultant does not make said payment to any subcontractor sub-contractor within the specified time, the Consultant shall pay interest to the subcontractor sub-contractor in the amount of one and one-half (1.5) percent per month, or any part of the month, on any undisputed amount not paid to the subcontractor sub-contractor within ten (10) calendar days of the Consultant’s receipt of payment from the State for any undisputed services provided by the subcontractor sub-contractor unless otherwise provided in Minn. Stat. § 16A.1245. To the extent a subcontractor sub-contractor provides for earlier or larger payments, the Consultant shall make payment to the subcontractor sub- contractor as provided for therein irrespective of the date or amount of any payment made by the State.