Common use of Payments to Sub-Subcontractors Clause in Contracts

Payments to Sub-Subcontractors. This Contract is governed by federal prompt pay provisions where applicable and as set forth in Exhibit “E” to this Contract. To the extent that Tennessee statutes are not superseded by applicable federal statutes in this area, state statutes also will apply. Contractor agrees to require each of its subcontractors (1) to pay their subcontractors for invoices submitted or normal progress payments for work completed satisfactorily pursuant to its contract with each subcontractor and (2) to make such payments to their respective subcontractors no later than ten (10) days after any such subcontractors receive payment from the prime contractor or their respective subcontractor, as applicable.

Appears in 3 contracts

Samples: Lump Sum Construction Contract, Lump Sum Construction Contract, Lump Sum Construction Contract

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Payments to Sub-Subcontractors. This Contract is governed by federal prompt pay provisions where applicable and as set forth in Exhibit “E” to this Contract. To the extent that Tennessee statutes are not superseded by applicable federal statutes in this areastatutes, state Tennessee statutes also will apply. Contractor agrees to require each of its subcontractors subcontractors (1) to pay their subcontractors for invoices submitted or normal progress payments for work completed satisfactorily pursuant to its contract with each subcontractor and (2) to make such payments to their respective subcontractors no later than ten (10) days after any such subcontractors receive payment from the prime contractor or their respective subcontractor, as applicable.

Appears in 2 contracts

Samples: Construction Contract, Construction Contract

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