Common use of Disbursement of Final Payment Clause in Contracts

Disbursement of Final Payment. Provided that the Contractor has complied with all conditions precedent to disbursement of the Final Payment, within sixty (60) days following submittal of the Application for Final Payment, the District shall disburse the Final Payment to the Contractor. Pursuant to California Public Contract Code §7107, if there is any dispute between the District and the Contractor at the time that disbursement of the Final Payment is due, the District may withhold from disbursement of the Final Payment an amount not to exceed one hundred fifty percent (150%) of the amount in dispute.

Disbursement of Final Payment. Provided that the Contractor has complied with District is then in receipt of all documents and other items in Article 8.4.2 above as conditions precedent to disbursement of the District’s obligation to disburse Final Payment, within not later than sixty (60) days following submittal of the Application for Final Payment, Acceptance the District shall disburse the Final Payment to the Contractor. Pursuant to California Public Contract Code §7107, if there is any dispute between the District and the Contractor at the time that disbursement of the Final Payment is due, the District may withhold from disbursement of the Final Payment an amount not to exceed one hundred fifty percent (150%) of the amount in dispute.

Disbursement of Final Payment. Provided that the Contractor has complied with District is then in receipt of all documents and other items in Article 8.4.2 above as conditions precedent to disbursement of the District's obligation to disburse Final Payment, within sixty not later than fifteen (6015) days following submittal of the Application for Final Payment, Acceptance the District shall disburse the Final Payment to the Contractor. Pursuant to California Public Contract Code §'7107, if there is any dispute between the District and the Contractor at the time that disbursement of the Final Payment is due, the District may withhold from disbursement of the Final Payment an amount not to exceed one hundred fifty percent (150%) of the amount in dispute.