Common use of Payment and interest on late payment Clause in Contracts

Payment and interest on late payment. 29.1 Payments will be made in accordance with the following the option: 1st month Maximum pre-financing payment4 3% Quarterly payments Interim payments 80% 9th month Balance 17% Total 100% By derogation from article 29 the verification will be made by the contracting authority and all references to an expenditure verification report will not be applicable. 29.3 By derogation from Article 29.3 of the general conditions, once the deadline set in Article 29.1 has expired, the contractor will, upon demand, be entitled to late-payment interest at the rate and for the period mentioned in the general conditions submitted The demand must be submitted within two months of receiving late payment.

Payment and interest on late payment. 29.1 Payments will be made in accordance with the following the option: 1st month Maximum No pre-financing payment4 3% Quarterly payments Interim payments 80% 9th month Balance 17% Total 100% By derogation from article 29 the verification payment will be required. By derogation, the payments to the contractor of the amounts due under interim and final payments shall be made within 90 days after receipt by the contracting authority of an invoice and all references of the reports, subject to an expenditure verification report will not be applicableapproval of those reports in accordance with Article 27 of the general conditions. 29.3 By derogation from Article 29.3 of the general conditions, once the deadline set in Article 29.1 has expired, the contractor will, upon demand, be entitled to late-payment interest at the rate and for the period mentioned in the general conditions submitted submitted. The demand must be submitted within two months of receiving late payment.

Payment and interest on late payment. 29.1 Payments will be made in accordance with the following the option: 1st month : 1 Maximum prePre-financing payment4 3% Quarterly payment1 Not applicable By derogation, the payments Interim to the Contractor of the amounts due under interim and final payments 80% 9th month Balance 17% Total 100% By derogation from article 29 the verification will shall be made within 30 days after receipt by the contracting authority Contracting Authority of an invoice and all references of the reports, subject to an expenditure verification report will not be applicableapproval of those reports in accordance with Article 27 of the General Conditions. 29.3 By derogation from Article 29.3 of the general conditionsGeneral Conditions, once the deadline set in Article Article 29.1 has expired, the contractor Contractor will, upon demand, be entitled to late-payment interest at the rate and for the period mentioned in the general conditions General Conditions submitted The the demand must be submitted within two months of receiving late payment.

Payment and interest on late payment. 29.1 Payments will be made in accordance with the following the option: 1st month : 1 Maximum prePre-financing payment4 3payment1 Not applicable 6 Interim payment 40% Quarterly of the contract value By derogation, the payments Interim to the Contractor of the amounts due under interim and final payments 80% 9th month Balance 17% Total 100% By derogation from article 29 the verification will shall be made within 30 days after receipt by the contracting authority Contracting Authority of an invoice and all references of the reports, subject to an expenditure verification report will not be applicableapproval of those reports in accordance with Article 27 of the General Conditions. 29.3 By derogation from Article 29.3 of the general conditionsGeneral Conditions, once the deadline set in Article Article 29.1 has expired, the contractor Contractor will, upon demand, be entitled to late-payment interest at the rate and for the period mentioned in the general conditions General Conditions submitted The the demand must be submitted within two months of receiving late payment.

Payment and interest on late payment. 29.1 Payments will be made in accordance with the following the option: 1st month Maximum No pre-financing payment4 3% Quarterly payments Interim payments 80% 9th month Balance 17% Total 100% By derogation from article 29 the verification payment will be required. By derogation, the payments to the contractor of the amounts due under interim and final payments shall be made within 30 days after Lead Partner transfer funds to the Contracting Authority, and after receipt by the contracting authority of an invoice and all references of the reports, subject to an expenditure verification report will not be applicableapproval of those reports in accordance with Article 27 of the general conditions. 29.3 By derogation from Article 29.3 of the general conditions, once the deadline set in Article 29.1 has expired, the contractor will, upon demand, be entitled to late-payment interest at the rate and for the period mentioned in the general conditions submitted submitted. The demand must be submitted within two months of receiving late payment.