Common use of Payments for Preconstruction Clause in Contracts

Payments for Preconstruction. Phase Services are due and payable no later than thirty (30) days after the Owner’s approval of the Construction Manager’s properly submitted invoice along with all documentation reasonably requested by the Owner to substantiate the Construction Manager’s entitlement to payment of the invoice amount. Payments due and payable and remaining unpaid shall bear interest only to the extent required by Connecticut law and, if so required, at the minimum required rate.