Compensation Of Contractor’s Subcontractors And Suppliers. Upon receipt of payment from the Owner, the Contractor shall pay each of its subcontractors and suppliers out of the amount received by the Contractor on account of such subcontractor’s or supplier’s portion of the Work, the amount to which each entity is entitled, reflecting percentages actually retained from payments to the Contractor on account of such entity’s portion of the Work. The Owner shall have no obligation to pay, and shall not be responsible for payments to, the Contractor’s subcontractors or suppliers. However, the Owner reserves the right, but has no duty, to make payment jointly to the Contractor and to any of its subcontractors or suppliers in the event that the Owner becomes aware that the Contractor fails to pay or unreasonably withholds payment from one or more of those entities. Such joint check procedure, if employed by the Owner, shall create no rights in favor of any person or entity beyond the right of the named payees to payment of the check and shall not be deemed to commit the Owner to repeat the procedure in the future.
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Samples: Construction Agreement, Construction Agreement
Compensation Of Contractor’s Subcontractors And Suppliers. Upon receipt of payment from the OwnerCOUNTY, the Contractor CONTRACTOR shall pay each of its subcontractors and suppliers out of the amount received by the Contractor CONTRACTOR on account of such subcontractor’s or supplier’s portion of the WorkService, the amount to which each entity is entitled, reflecting percentages actually retained from payments to the Contractor on account of such entity’s portion of the Work. The Owner shall COUNTY will have no obligation to pay, and shall will not be responsible for payments to, the ContractorCONTRACTOR’s subcontractors or suppliers. However, the Owner COUNTY reserves the right, but has no duty, to make payment jointly to the Contractor CONTRACTOR and to any of its subcontractors or suppliers in if the event that the Owner COUNTY becomes aware that the Contractor CONTRACTOR fails to pay or unreasonably withholds payment from one or more of those entitiesentities following ten (10) business days’ written notice to CONTRACTOR. Such joint check procedure, if employed by the OwnerCOUNTY, shall will create no rights in favor of any person or entity beyond the right of the named payees to payment of the check and shall will not be deemed to commit the Owner COUNTY to repeat the procedure in the future.. ITB 24-405
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Compensation Of Contractor’s Subcontractors And Suppliers. Upon receipt of payment from the OwnerCOUNTY, the Contractor CONTRACTOR shall pay each of its subcontractors and suppliers out of the amount received by the Contractor CONTRACTOR on account of such subcontractor’s or supplier’s portion of the WorkService, the amount to which each entity is entitled, reflecting percentages actually retained from payments to the Contractor on account of such entity’s portion of the Work. The Owner shall COUNTY will have no obligation to pay, and shall will not be responsible for payments to, the ContractorCONTRACTOR’s subcontractors or suppliers. However, the Owner COUNTY reserves the right, but has no duty, to make payment jointly to the Contractor CONTRACTOR and to any of its subcontractors or suppliers in if the event that the Owner COUNTY becomes aware that the Contractor CONTRACTOR fails to pay or unreasonably withholds payment from one or more of those entitiesentities following ten (10) business days’ written notice to CONTRACTOR. Such joint check procedure, if employed by the OwnerCOUNTY, shall will create no rights in favor of any person or entity beyond the right of the named payees to payment of the check and shall will not be deemed to commit the Owner COUNTY to repeat the procedure in the future.. ITB 24-404
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