Common use of Penalty for Late Reports Clause in Contracts

Penalty for Late Reports. Contractor shall submit timely and properly completed reports. If Contractor fails to submit a proper, reasonably accurate report within thirty (30) days of its due date, SCA may withhold the next monthly payment until SCA or the court receives the report and supporting documentation.

Penalty for Late Reports. Contractor shall submit timely and properly completed reports. If Contractor fails to submit a proper, reasonably accurate report within thirty (30) days of its due date, SCA SEC. 7 OBLIGATIONS OF CONTRACTOR may withhold the next monthly payment until SCA or the court receives the report and supporting documentation.