Pursuant to Wyo. Stat. §16-6-602, City shall pay interest beginning the forty-sixth day at the rate of one and one-half percent (1 ½%) per month on the unpaid balance of the progress payment until the account is paid in full, unless a good faith dispute exists as to City’s obligation to pay all or a portion of the account.
Appears in 54 contracts
Samples: Construction Contract, Construction Contract, Construction Contract
Pursuant to Wyo. Stat. §16-6-602, City shall pay interest beginning the forty-sixth day at the rate of one and one-one- half percent (1 ½%) per month on the unpaid balance of the progress payment until the account is paid in full, unless a good faith dispute exists as to City’s obligation to pay all or a portion of the account.
Appears in 1 contract
Samples: Construction Contract