Common use of Prompt Payment Terms Clause in Contracts

Prompt Payment Terms. Contractor’s payment terms are [to be completed based on response to the solicitation, (i.e., Net 30, 1% in 30 Net 31, etc.).]

Prompt Payment Terms. Contractor’s payment terms are [to be completed based on response to the solicitation, (i.e., Net 30, 1% in 30 Net 31, etc.).]] Contract price and quoted price must include taxes.