Common use of PAYMENT OF SUBCONTRACTORS Clause in Contracts

PAYMENT OF SUBCONTRACTORS. The Contractor is obligated to take one of the two following actions within seven (7) days after receipt of amounts paid to the Contractor by FW for work performed by any subcontractor under this Contract: a) Pay the subcontractor for the proportionate share of the total payment received from FW attributable to the Work performed by the subcontractor under this Contract; or b) Notify FW and the subcontractor, in writing, of the Contractor's intention to withhold all or a part of the subcontractor's payment with the reason for nonpayment. The Contractor is obligated to pay interest to the subcontractor on all amounts owed by the Contractor to the subcontractor that remain unpaid after seven (7) days following receipt by the Contractor of payment from FW for work performed by the subcontractor under this Contract, except for amounts withheld as allowed in subsection b., above. Unless otherwise provided under the terms of this Contract, interest shall accrue at the rate of one percent (1%) per month. The Contractor shall include in each of its subcontracts, if any are permitted, a provision requiring each subcontractor to include or otherwise be subject to the same payment and interest requirements with respect to each lower-tier subcontractor. The Contractor's obligation to pay an interest charge to a subcontractor pursuant to this section may not be construed to be an obligation of FW. A Contract modification may not be made for the purpose of providing reimbursement for such interest charge. A cost reimbursement claim may not include any amount for reimbursement for such interest charge.

PAYMENT OF SUBCONTRACTORS. The Contractor is obligated to take one of the two following actions within seven (7) days after receipt of amounts paid to the Contractor by FW the County for work performed by any subcontractor under this Contract: a) a. Pay the subcontractor for the proportionate share of the total payment received from FW the County attributable to the Work work performed by the subcontractor under this Contract; or b) b. Notify FW the County and the subcontractor, in writing, of the Contractor's intention to withhold all or a part of the subcontractor's payment with the reason for nonpayment. The Contractor is obligated to pay interest to the subcontractor on all amounts owed by the Contractor to the subcontractor that remain unpaid after seven (7) calendar days following receipt by the Contractor of payment from FW the County for work performed by the subcontractor under this Contract, except for amounts withheld as allowed in subsection b., above. Unless otherwise provided under the terms of this Contract, interest shall accrue at the rate of one percent (1%) per month. The Contractor shall include in each of its subcontracts, if any are permitted, a provision requiring each subcontractor to include or otherwise be subject to the same payment and interest requirements as those contained herein with respect to each lower-tier subcontractor. The Contractor's obligation to pay an interest charge to a subcontractor pursuant to this section may not be construed to be an obligation of FWthe County. A Contract modification may not be made for the purpose of providing reimbursement for such interest charge. A cost reimbursement claim may not include any amount for reimbursement for such interest charge.

PAYMENT OF SUBCONTRACTORS. The Contractor is obligated to take one of the two following actions within seven (7) days after receipt of amounts paid to the Contractor by FW the County for work performed by any subcontractor under this Contract: a) a. Pay the subcontractor for the proportionate share of the total payment received from FW the County attributable to the Work work performed by the subcontractor under this Contract; or b) b. Notify FW the County and the subcontractor, in writing, of the Contractor's intention to withhold all or a part of the subcontractor's payment with the reason for nonpayment. The Contractor is obligated to pay interest to the subcontractor on all amounts owed by the Contractor to the subcontractor that remain unpaid after seven (7) days following receipt by the Contractor of payment from FW the County for work performed by the subcontractor under this Contract, except for amounts withheld as allowed in subsection b., above. Unless otherwise provided under the terms of this Contract, interest shall accrue at the rate of one percent (1%) per month. The Contractor shall include in each of its subcontracts, if any are permitted, a provision requiring each subcontractor to include or otherwise be subject to the same payment and interest requirements with respect to each lower-tier subcontractor. The Contractor's obligation to pay an interest charge to a subcontractor pursuant to this section may not be construed to be an obligation of FWthe County. A Contract modification may not be made for the purpose of providing reimbursement for such interest charge. A cost reimbursement claim may not include any amount for reimbursement for such interest charge.

PAYMENT OF SUBCONTRACTORS. The Contractor is obligated to take one of the two following actions within seven (7) days after receipt of amounts paid to the Contractor by FW the County for work performed by any subcontractor under this Contract: a) Pay the subcontractor for the proportionate share of the total payment received from FW the County attributable to the Work work performed by the subcontractor under this Contract; or b) Notify FW the County and the subcontractor, in writing, of the Contractor's intention to withhold all or a part of the subcontractor's payment with the reason for nonpayment. The Contractor is obligated to pay interest to the subcontractor on all amounts owed by the Contractor to the subcontractor that remain unpaid after seven (7) days following receipt by the Contractor of payment from FW the County for work performed by the subcontractor under this Contract, except for amounts withheld as allowed in subsection b., above. Unless otherwise provided under the terms of this Contract, interest shall accrue at the rate of one percent (1%) per month. The Contractor shall include in each of its subcontracts, if any are permitted, a provision requiring each subcontractor to include or otherwise be subject to the same payment and interest requirements with respect to each lower-tier subcontractor. The Contractor's obligation to pay an interest charge to a subcontractor pursuant to this section may not be construed to be an obligation of FWthe County. A Contract modification may not be made for the purpose of providing reimbursement for such interest charge. A cost reimbursement claim may not include any amount for reimbursement for such interest charge.

PAYMENT OF SUBCONTRACTORS. The Contractor is obligated to take one of the two following actions within seven (7) days after receipt of amounts paid to the Contractor by FW the City for work performed by any subcontractor under this Contract: a) a. Pay the subcontractor for the proportionate share of the total payment received from FW the City attributable to the Work work performed by the subcontractor under this Contract; or b) b. Notify FW the City and the subcontractor, in writing, of the Contractor's intention to withhold all or a part of the subcontractor's payment with the reason for nonpayment. The Contractor is obligated to pay interest to the subcontractor on all amounts owed by the Contractor to the subcontractor that remain unpaid after seven (7) calendar days following receipt by the Contractor of payment from FW the City for work performed by the subcontractor under this Contract, except for amounts withheld as allowed in subsection b., above. Unless otherwise provided under the terms of this Contract, interest shall accrue at the rate of one percent (1%) per month. The Contractor shall include in each of its subcontracts, if any are permitted, a provision requiring each subcontractor to include or otherwise be subject to the same payment and interest requirements as those contained herein with respect to each lower-tier subcontractor. The Contractor's obligation to pay an interest charge to a subcontractor pursuant to this section the above provisions may not be construed to be an obligation of FWthe City. A Contract modification may not be made for the purpose of providing reimbursement for such interest charge. A cost reimbursement claim may not include any amount for reimbursement for such interest charge.

PAYMENT OF SUBCONTRACTORS. The Contractor is obligated to take one of the two following actions within seven (7) days after receipt of amounts paid to the Contractor by FW the County for work performed by any subcontractor under this Contract: a) A. Pay the subcontractor for the proportionate share of the total payment received from FW the County attributable to the Work work performed by the subcontractor under this Contract; or b) B. Notify FW the County and the subcontractor, in writing, of the Contractor's intention to withhold all or a part of the subcontractor's payment with the reason for nonpayment. The Contractor is obligated to pay interest to the subcontractor on all amounts owed by the Contractor to the subcontractor that remain unpaid after seven (7) days following receipt by the Contractor of payment from FW the County for work performed by the subcontractor under this Contract, except for amounts withheld as allowed in subsection b., above. Unless otherwise provided under the terms of this Contract, interest shall accrue at the rate of one percent (1%) per month. The Contractor shall include in each of its subcontracts, if any are permitted, a provision requiring each subcontractor to include or otherwise be subject to the same payment and interest requirements with respect to each lower-tier subcontractor. The Contractor's obligation to pay an interest charge to a subcontractor pursuant to this section may not be construed to be an obligation of FWthe County. A Contract modification may not be made for the purpose of providing reimbursement for such interest charge. A cost reimbursement claim may not include any amount for reimbursement for such interest charge.

PAYMENT OF SUBCONTRACTORS. The Contractor is obligated to take one of the two following actions within seven (7) days after receipt of amounts paid to the Contractor by FW RISE for work performed by any subcontractor under this ContractAgreement: a) a. Pay the subcontractor for the proportionate share of the total payment received from FW RISE attributable to the Work work performed by the subcontractor under this ContractAgreement; or b) b. Notify FW RISE and the subcontractor, in writing, of the Contractor's intention to withhold all or a part of the subcontractor's payment with the reason for nonpayment. The Contractor is obligated to pay interest to the subcontractor on all amounts owed by the Contractor to the subcontractor that remain unpaid after seven (7) days following receipt by the Contractor of payment from FW RISE for work performed by the subcontractor under this ContractAgreement, except for amounts withheld as allowed in subsection b., above. Unless otherwise provided under the terms of this ContractAgreement, interest shall accrue at the rate of one percent (1%) per month. The Contractor shall include in each of its subcontracts, if any are permitted, a provision requiring each subcontractor to include or otherwise be subject to the same payment and interest requirements with respect to each lower-tier subcontractor. The Contractor's obligation to pay an interest charge to a subcontractor pursuant to this section may not be construed to be an obligation of FWRISE. A Contract modification or Amendment to this Agreement may not be made for the purpose of providing reimbursement for such interest charge. A cost reimbursement claim may not include any amount for reimbursement for such interest charge.