Common use of Prompt Payment of Subcontractors Clause in Contracts

Prompt Payment of Subcontractors. 8.1 Consultant shall pay its subcontractors for satisfactory performance of their contracts no later than fifteen (15) calendar days from receipt of each payment received by Consultant from ATL. 8.2 Failure to comply with the terms and conditions of this Article shall constitute a breach of contract and further payments for any work performed may be withheld until such time as corrective action is taken. Consultant shall be responsible for any corrective action required by ATL at the time of final inspection. If Consultant fails to take corrective action, ATL reserves the right to terminate the contract. 8.3 Any delay or postponement of payment among Consultant and its subcontractors may take place only for good cause, with prior written approval from ATL. 8.4 All subcontract agreements between Consultant and subcontractors shall be in writing and shall contain all of the federal requirements and pertinent provisions of the prime contract. 8.5 Consultant is required to return any and all retainage payments to its subcontractors within thirty (30) calendar days after the subcontractor’s work related to this Contract is satisfactorily completed. ATL discourages Consultant from withholding retainage from its subcontractors.

Prompt Payment of Subcontractors. 8.1 Consultant Contractor shall pay its subcontractors for satisfactory performance of their contracts no later than fifteen (15) calendar days from receipt of each payment received by Consultant Contractor from ATL. 8.2 Failure to comply with the terms and conditions of this Article shall constitute a breach of contract and further payments for any work performed may be withheld until such time as corrective action is taken. Consultant Contractor shall be responsible for any corrective action required by ATL at the time of final inspection. If Consultant Contractor fails to take corrective action, ATL reserves the right to terminate the contract. 8.3 Any delay or postponement of payment among Consultant Contractor and its subcontractors may take place only for good cause, with prior written approval from ATL. 8.4 All subcontract agreements between Consultant Contractor and subcontractors shall be in writing and shall contain all of the federal requirements and pertinent provisions of the prime contract. 8.5 Consultant Contractor is required to return any and all retainage payments to its subcontractors within thirty (30) calendar days after the subcontractor’s work related to this Contract is satisfactorily completed. ATL discourages Consultant Contractor from withholding retainage from its subcontractors.

Prompt Payment of Subcontractors. 8.1 Consultant Contractor shall pay its subcontractors for satisfactory performance of their contracts no later than fifteen (15) calendar days from receipt of each payment received by Consultant Contractor from ATLSRTA. 8.2 Failure to comply with the terms and conditions of this Article shall constitute a breach of contract and further payments for any work performed may be withheld until such time as corrective action is taken. Consultant Contractor shall be responsible for any corrective action required by ATL SRTA at the time of final inspection. If Consultant Contractor fails to take corrective action, ATL SRTA reserves the right to terminate the contract. 8.3 Any delay or postponement of payment among Consultant Contractor and its subcontractors may take place only for good cause, with prior written approval from ATLSRTA. 8.4 All subcontract agreements between Consultant Contractor and subcontractors shall be in writing and shall contain all of the federal requirements and pertinent provisions of the prime contract. 8.5 Consultant Contractor is required to return any and all retainage payments to its subcontractors within thirty (30) calendar days after the subcontractor’s work related to this Contract Agreement is satisfactorily completed. ATL SRTA discourages Consultant Contractor from withholding retainage from its subcontractors.