DISCOUNTS AND PENALTIES. 10.1 All discounts for prompt payment shall accrue to the Owner to the extent the Cost of the project is paid directly by the Owner or from a fund made available by the Owner to the Construction Manager for such payments. To the extent the Cost of the Project is paid with funds of the Construction Manager, all cash discounts shall accrue to the Construction Manager. All trade discounts, rebates and refunds, and all returns from sale of surplus materials and equipment, shall be credited to the cost of the Project. All penalties incurred due to fault of the Construction Manager for late payment of cost of the project will be paid by the Construction Manager.
DISCOUNTS AND PENALTIES. All discounts for prompt payment shall accrue to the Owner to the extent the Cost of the Project is paid directly by the Owner or from a fund made available by the Owner to the Construction Manager for such payment. To the extent the Cost of the Project is paid with funds of the Construction Manager, all cash discounts shall accrue to the Construction Manager. All trade discounts, rebates and refunds, and all returns from sale of surplus materials and equipment, shall be credited to the Cost of the Project. All interest, penalties and late charges incurred due to the failure of the Construction Manager to make timely payments will be paid by the Construction Manager without right of reimbursement by the Owner. The Construction Manager shall cooperate with the Owner so as to allow the Owner to purchase such equipment and materials directly as the Owner may choose.
DISCOUNTS AND PENALTIES. All discounts for prompt payment shall accrue to CPRA to the extent the expense is paid directly by CPRA or from a fund made available by CPRA to the XXXX Contractor for such payments, such as a stockpile payment. To the extent the expense is paid with funds of the XXXX Contractor, all cash discounts shall accrue to the XXXX Contractor. All trade discounts, rebates and refunds, and all returns from sale of surplus materials and equipment, shall be credited to the cost of the project and CPRA. All penalties incurred due to fault of the XXXX Contractor or its subcontractors for late payment of materials and or expenses will be paid by the XXXX Contractor and will not be reimbursed under the Contract.
DISCOUNTS AND PENALTIES. All discounts for prompt payment shall accrue to the Owner to the extent the Direct Cost of the Work is paid directly by the Owner or from a fund made available by the Owner to the Construction Manager for such payments. To the extent the Direct Cost of the Work is paid with funds of the Construction Manager, all cash discounts shall accrue to the Construction Manager. All trade discounts, rebates and refunds, and all returns from sale of surplus materials and equipment, shall be credited to the Direct Cost of the Work. The Construction Manager will pay all penalties incurred due to fault of the Construction Manager for late payment of Direct Cost of the Work.
DISCOUNTS AND PENALTIES. The entirety of Article 11 has been removed from this Agreement.
DISCOUNTS AND PENALTIES. 11.1 All discounts for prompt payment shall accrue to the DEPARTMENT to the extent the Cost of the project is paid directly by the DEPARTMENT or from a fund made available by the DEPARTMENT to the PROVIDER for such payments. To the extent the Cost of the Project is paid with funds of the PROVIDER, all cash discounts shall accrue to the PROVIDER. All trade discounts, rebates and refunds, and all returns from sale of surplus materials and equipment, shall be credited to the Cost of the Project. All penalties incurred due to fault of the PROVIDER for late payment of cost of the project will be paid by the PROVIDER provided funds are provided to the PROVIDER by the DEPARTMENT.
DISCOUNTS AND PENALTIES. 11.1 JEA offers any or all of the following option payment terms, one of which may be executed at the request of the Company by sending an email to the JEA Buyer listed in this Solicitation: 1% 20, net 30 2% 10, net 30 Company may request alternate payment terms for JEA's consideration, however, alternate payment terms are not effective until acceptance by JEA in writing. Please note, all payment dates are calculated from the date of the Invoice receipt by JEA's Accounts Payable.
11.2 All discounts for prompt payment shall accrue to the OWNER to the extent the Cost of the project is paid directly by the OWNER or from a fund made available by the OWNER to the DESIGN-BUILD FIRM for such payments. To the extent the Cost of the Project is paid with funds of the DESIGN-BUILD FIRM, all cash discounts shall accrue to the DESIGN- BUILD FIRM. All trade discounts, rebates and refunds, and all returns from sale of surplus materials and equipment, shall be credited to the Cost of the Project. All penalties incurred due to fault of the DESIGN-BUILD FIRM for late payment of cost of the project will be paid by the DESIGN-BUILD FIRM.
DISCOUNTS AND PENALTIES. 28.1 All discounts for prompt payment shall accrue to the Owner to the extent the Cost of the project is paid directly by the Owner or from a fund made available by the Owner to the Construction Manager for such payments. To the extent the Cost of the Project is paid with funds of the Construction Manager, all cash discounts shall accrue to the Construction Manager. All trade discounts, rebates and refunds, and all returns from sale of surplus materials and equipment, shall be credited to the Cost of the Project. All penalties incurred due to fault of the Construction Manager for late payment of cost of the project will be paid by the Construction Manager.
28.2 Construction Manager shall comply with the Direct Owner Purchasing Program as set forth in SBBC Section 01295, if applicable.
DISCOUNTS AND PENALTIES. All discounts for prompt payment shall accrue to the Owner to the extent the cost of the Project is paid directly by the Owner or from a fund made available by the Owner to the CM. To the extent permitted by applicable law, all trade discounts, rebates and refunds including, but not limited to insurance premiums, and all returns from sale of surplus material and equipment shall belong to the Owner regardless of when issued and shall be credited to the cost of the Project. To the extent that any discounts, rebates and refunds occur or accrue subsequent to Final Completion of the Project, such funds shall be paid to Owner within fifteen (15) days of receipt by CM. All penalties incurred due to the fault of the CM for late payment of the cost of the Project, except, late payments by Owner, will be paid by the CM. Savings will be computed as of the date of Final Completion and shall consist of the difference between (1) the GMP (as it may be adjusted in accordance with the terms of the Contract Documents) and (2) the total aggregate sum of the Cost of Work plus the CM Fee paid by Owner and shall accrue to the sole benefit of Owner. A deductive Change Order or Amendment shall be issued reducing the GMP by the amount of such savings. For the avoidance of doubt, any savings obtained may not be moved to the Unforeseen Conditions Fund or be used to offset cost overruns in other items within the GMP without prior written consent of the Owner.
DISCOUNTS AND PENALTIES. All discounts for prompt payment shall accrue to the Owner to the extent the cost of work is paid directly by the Owner or from a fund made available by the Owner to the Total Program Manager for such payments. To the extent the cost of work is paid with funds of the Total Program Manager, all cash discounts shall accrue to the Total Program Manager. All trade discounts, rebates and refunds, and all returns from sale of surplus materials and equipment, shall be credited to the cost of work. All penalties incurred due to fault of the Total Program Manager for late payment of cost of work will be paid by the Total Program Manager.
