Common use of Amounts Not Paid Timely Clause in Contracts

Amounts Not Paid Timely. Amounts not paid in a timely manner as required by this Section 1.12 shall bear interest at 7 percent per annum from the date payment was due.

Appears in 3 contracts

Samples: Contract for Design Build Services, Design Build Contract, Contract for Design Build Services

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Amounts Not Paid Timely. Amounts not paid in a timely manner as required by this Section 1.12 4.3 shall bear interest at 7 percent per annum from the date payment was due.

Appears in 1 contract

Samples: Construction Manager at Risk Agreement

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