Common use of Delayed Payments by Owner Clause in Contracts

Delayed Payments by Owner. If the Owner should fail to pay the Construction Manager within 30 days after the receipt of an approvable payment request from the Construction Manager, then the Construction Manager may, upon thirty (30) additional days written notice to the Owner and the Architect-Engineer, stop the Project until payment of the Amount owing has been received.

Delayed Payments by Owner. If the Owner should fail to pay the Construction Manager Contractor within 30 days after the receipt of an approvable payment request from the Construction ManagerContractor, then the Construction Manager Contractor may, upon thirty seven (307) additional days written notice to the Owner and the Architect-Engineer, Engineer stop the Project until payment of the Amount owing has been received.

Delayed Payments by Owner. If the Owner should fail to pay the Construction Manager within 30 days after the receipt of an approvable payment request from the Construction Manager, then the Construction Manager may, upon thirty seven (307) additional days written notice to the Owner and the Architect-Engineer, Engineer stop the Project until payment of the Amount owing has been received.

Delayed Payments by Owner. If the Owner should fail to pay the Construction Manager Contractor within 30 thirty (30) days after the receipt of an approvable payment request from the Construction ManagerContractor, then the Construction Manager Contractor may, upon thirty seven (307) additional days written notice to the Owner and the Architect-Engineer, /Engineer stop the Project until payment of the Amount owing has been received. Interest on funds delayed shall be prime at date of contract plus 2% beginning on 31st day. The Owner will be responsible for all costs associated with “stopping” and “restarting” the work.