Common use of Contractor Payments to Subcontractors Clause in Contracts

Contractor Payments to Subcontractors. Contractor shall pay each subcontractor for satisfactory performance under its contract no later than 10 calendar days from receipt of each payment Contractor receives from Agency for the subcontracted work. In addition, within 10 calendar days of receipt of retainage from Agency, Contractor shall pay to each subcontractor the retainage that pertains to the work of that subcontractor. Any delay or postponement of payment from the above referenced time frame may occur only for good cause following written approval by APM. To expedite Contractor’s payments to its subcontractors, Contractor should make reasonable efforts to offer ACH direct deposit payments.

Contractor Payments to Subcontractors. Contractor shall pay each subcontractor for satisfactory performance under its contract Contract no later than 10 calendar days from receipt of each payment Contractor receives from Agency for the subcontracted work. In addition, within 10 calendar days of receipt of retainage from Agency, Contractor shall pay to each subcontractor the retainage that pertains to the work of that subcontractor. Any delay or postponement of payment from the above referenced time frame may occur only for good cause following written approval by APM. To expedite Contractor’s payments to its subcontractors, Contractor should make reasonable efforts to offer ACH direct deposit payments.