Common use of Withholding Progress Payments Clause in Contracts

Withholding Progress Payments. The Owner may withhold all or part of any progress payment or payments from the Contractor until the Parties have remedied the breach of this Agreement. In the event that progress payments are withheld; the Project Contractor and Employer shall not be entitled to interest on said payments. If an Employer(s) is responsible for noncompliance with the Workforce Program requirements (Articles 10 and 11), the Owner may choose to withhold only their portion of the progress payment.

Appears in 5 contracts

Samples: Community Benefits Agreement, Community Benefits Agreement, Community Benefits Agreement

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Withholding Progress Payments. The Owner may withhold all or part of any progress payment or payments from until the Contractor until the Parties have or Subcontractor has remedied the breach of this Agreement. In the event that progress payments are withheld; , the Project Contractor and Employer shall not be entitled to interest on said payments. If an Employer(s) a Subcontractor is responsible for noncompliance with of the Workforce workforce Program requirements (Articles 10 and 11)requirements, the Owner may choose to withhold only their the Subcontractor’s portion of the progress payment.

Appears in 2 contracts

Samples: Community Benefits Agreement, Community Benefits Agreement

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Withholding Progress Payments. The Owner may withhold all or part of any progress payment or payments from until the Contractor until the Parties have has remedied the breach of this Agreementcontract. In the event that progress payments are withheld; , the Project Contractor and Employer contractor shall not be entitled to interest on said payments. If an Employer(s) is responsible for noncompliance with the Workforce Program requirements (Articles 10 and 11), the Owner may choose to withhold only their portion of the progress payment.

Appears in 1 contract

Samples: Project Labor Agreement

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