Common use of Interest on Delayed Payments Clause in Contracts

Interest on Delayed Payments. If the Procuring Entity has delayed payments beyond thirty (30) days after the due date stated in the SCC, interest shall be paid to the Service Provider foreach day of delay at the rate stated in the SCC.

Appears in 37 contracts

Samples: Year Framework Agreement, Framework Agreement, Framework Agreement

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Interest on Delayed Payments. If the Procuring Entity has delayed payments beyond thirty (30) days after the due date stated in the SCC, interest shall be paid to the Service Provider foreach for each day of delay at the rate stated in the SCC.

Appears in 10 contracts

Samples: kilifiassembly.go.ke, www.tenderskenya.co.ke, ict.go.ke

Interest on Delayed Payments. If the Procuring Entity has delayed payments beyond thirty (30) days after the due date stated in the SCC, interest shall be paid to the Service Insurance Provider foreach for each day of delay at the rate stated in the SCC.

Appears in 3 contracts

Samples: Framework Agreement, Nuclear Power and Energy, www.masaitech.ac.ke

Interest on Delayed Payments. 41.1 If the Procuring Entity has had delayed payments beyond thirty (30) days after the due date stated in the SCCClause GCC 41.2.2, interest shall be paid to the Service Provider foreach Consultant on any amount due by, not paid on, such due date for each day of delay at the annual rate stated in the SCC.

Appears in 2 contracts

Samples: www.tenderskenya.co.ke, www.ca.go.ke

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Interest on Delayed Payments. If the Procuring Entity Employer has delayed payments beyond thirty fifteen (3015) days after the due date stated in the SCC, interest shall be paid to the Service Provider foreach for each day of delay at the rate stated in the SCC.

Appears in 1 contract

Samples: tenders.procurement.gov.ge

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