Common use of Monthly Progress Payments Clause in Contracts

Monthly Progress Payments. (1) Monthly progress payments will be made by the 10th business day following payment received by [Insert DB Contractor Name] for the items of work performed by the subcontractor. Payment to each DBE subcontractor will be recorded in the Department’s Compliance Monitoring and Tracking System. All DBE subcontractors are required to pay their subcontractors within 10 business days following payment received by the DB Contractor. (2) A number of instances can impact payment time that are outside the control of the DB Contractor or higher tier Consultant: (a) The failure of the subcontractor to provide an invoice in a timely manner; (b) Quality issues with the subcontractor’s work; (c) Apparent prompt pay or violations of other federally required provisions; (d) Failure to pay vendors for materials purchased and used in the project; (e) The Department’s failure to provide copies of pay estimates in a timely manner; and (f) Delays by the Department in payments to the DB Contractor.

Monthly Progress Payments. (1) Monthly progress payments will be made by the 10th business day following payment received by [Insert DB Contractor Name] for the items of work performed by the subcontractor. Payment to each DBE subcontractor will be recorded in the Department’s Compliance Monitoring and Tracking System. All DBE subcontractors are required to pay their subcontractors within 10 business days following payment received by the DB Contractor. (2) A number of instances can impact payment time that are outside the control of the DB Contractor or higher tier Consultant: (a) The failure of the subcontractor to provide an invoice in a timely manner;. (b) Quality issues with the subcontractor’s work;. (c) Apparent prompt pay or violations of other federally required provisions;. (d) Failure to pay vendors for materials purchased and used in the project;. (e) The Department’s failure to provide copies of pay estimates in a timely manner; and. (f) Delays by the Department in payments to the DB ContractorDesign Builder.

Monthly Progress Payments. (1) Monthly progress payments will be made by the 10th business day following payment received by [Insert DB Contractor Name] DPJV for the items of work performed by the subcontractor. Payment to each DBE subcontractor will be recorded in the Department’s Compliance Monitoring and Tracking System. All DBE subcontractors are required to pay their subcontractors within 10 business days following payment received by the DB Contractor. (2) A number of instances can impact payment time that are outside the control of the DB Contractor or higher tier Consultant: (a) The failure of the subcontractor to provide an invoice in a timely manner; (b) Quality issues with the subcontractor’s work; (c) Apparent prompt pay or violations of other federally required provisions; (d) Failure to pay vendors for materials purchased and used in the project; (e) The Department’s failure to provide copies of pay estimates in a timely manner; and (f) Delays by the Department in payments to the DB Contractor.