Prompt Pay Act Clause Samples

Prompt Pay Act. The terms of this Agreement supersede any and all provisions of the Georgia Prompt Pay Act. N. MMA (“Contractor”) acknowledges that this contract and any changes to it by amendment, modification, change order or other similar document may have required or may require the legislative authorization of the Board of Commissioners and approval of the Mayor. Under Georgia law, Contractor is deemed to possess knowledge concerning Augusta, Georgia's ability to assume contractual obligations and the consequences of Contractor's provision of goods or services to Augusta, Georgia under an unauthorized contract, amendment, modification, change order or other similar document, including the possibility that the Contractor may be precluded from recovering payment for such unauthorized goods or services. Accordingly, Contractor agrees that if it provides goods or services to Augusta, Georgia under a contract that has not received proper legislative authorization or if the Contractor provides goods or services to Augusta, Georgia in excess of the any contractually authorized goods or services, as required by Augusta, Georgia's Charter and Code, Augusta, Georgia may withhold payment for any unauthorized goods or services provided by Contractor. Contractor assumes all risk of non-payment for the provision of any unauthorized goods or services to Augusta, Georgia, and it waives all claims to payment or to other remedies for the provision of any unauthorized goods or services to Augusta, Georgia, O. All contractors and subcontractors entering into contracts with Augusta, Georgia for the physical performance of services shall be required to execute an Affidavit verifying its compliance with O.C.G.A. § 13-10-91, stating affirmatively that the individual, firm, or corporation which is contracting with Augusta, Georgia has registered with and is participating in a federal work authorization program. All contractors and subcontractors must provide their E-Verify number and must be in compliance with the electronic verification of work authorized programs operated by the United States Department of Homeland Security or any equivalent federal work authorization program operated by the United States Department of Homeland Security to verify information of newly hired employees, pursuant to the Immigration Reform and Control Act of 1986 (IRCA), P.L. 99-603, in accordance with the applicability provisions and deadlines established in O.C.G.A. § 13-10-91 and shall continue to use the fe...

Prompt Pay Act. 15.6.1 GEORGIA PROMPT PAY ACT-The Georgia Prompt Pay Act was enacted by the General Assembly in 1994 and took effect January 1, 1995. This act requires Owners to pay contracts within 15 days of receipt of a pay request by the Owner or the Owner’s representative. If payment is not made, the Owner shall pay the contractor 1% per month interest on the delayed payment. Additionally, the contractor must pay sub-contractors within 10 days of receipt of payment from the Owners.

Prompt Pay Act. 11.10.1 Owner may withhold payment to Construction Manager in an amount deemed reasonably necessary by Owner, in the event of unsatisfactory job progress, breach by Construction Manager of the Agreement, defective construction which has not been remedied, disputed work, third party claims that have been filed or reasonable evidence that such claims will be filed, failure of Construction Manager or its subcontractor to make timely payment for labor, equipment and/or materials, damage caused by Construction Manager to Owner, other contractors or subcontractors, reasonable evidence that the Work cannot be completed for the unpaid balance of the GMP, retainage at rates specified within this contract, and any other grounds set forth within this Agreement. 11.10.2 In the event that Construction Manager brings a claim against Owner, its agent or employees under the Georgia Prompt Pay Act, O.C.G.A. 13-11-1, et seq, hereinafter referred to as the "Georgia PPA," Construction Manager shall not be entitled to recover its attorneys' fees, whether or not such claim is successful. 11.10.3 Construction Manager agrees to abide by the provisions of the Georgia PPA and to Hold Harmless Owner from and against any claims, losses, damages or liabilities arising from Construction Manager's failure to so abide. Aside from the foregoing obligation of Construction Manager, it is expressly understood and agreed by the parties that the provisions in this Agreement with respect to payment, withholding of payments, interest rates on late

Prompt Pay Act. Consultant must pay all Subconsultant/Subcontractors, suppliers, vendors, etc. in accordance with the Texas Prompt Pay Act; Texas Government Code Chapter 2251.