Pursuant to O. C.G.A. § 13-11-7(b), Owner and CM/GC expressly agree to payment periods for Owner’s Payment to CM/GC and interest rates on late payments that become due to CM/GC for late payment by Owner that are different than those set forth in O.C.G.A. 13-11-4(a) and O.C.G.A. 13-11-7(a). The payment periods and interest rates set forth herein shall control to the exclusion of any provisions set forth in the Georgia Prompt Pay Act, O.C.G.A. § 13-11-1, et seq., and the provisions of said Act are waived.
Appears in 5 contracts
Samples: Construction Management Agreement, Construction Management Agreement, Construction Management Agreement
