Subcontractor Interest Clause Samples
The Subcontractor Interest clause defines the rights and obligations related to any interest, such as financial or legal claims, that a subcontractor may have in a project or contract. Typically, this clause outlines how and when a subcontractor can assert an interest in payments, property, or project outcomes, and may specify procedures for notifying the main contractor or owner of such interests. Its core practical function is to clarify the subcontractor's stake in the project, ensuring transparency and preventing disputes over entitlements or claims during or after project completion.
Subcontractor Interest. Construction Manager shall develop Subcontractor interest in the Project and shall furnish Owner Parties with a list of possible Subcontractors for each principal portion of the Work (the “Potential Subcontractor List”). Construction Manager’s submission of the Potential Subcontractor List is for information and discussion only and is not for Owner Parties’ prequalification. Owner’s receipt of the Potential Subcontractor List shall not require Owner Parties to investigate, and shall not waive Owner Parties’ right to reject, the qualifications of any Subcontractors. Construction Manager shall furnish Owner Parties with information and advice concerning current construction market bidding conditions and shall advise Owner Parties of subcontracting opportunities with certified diverse businesses. Construction Manager shall advertise Subcontractor solicitations at least ten (10) Days prior to opening bids in the Daily Journal of Commerce and at least one other newspaper specifically targeted to reach the certified diverse business community. Construction Manager shall also advertise in a local community newspaper in the Project’s area, in order to allow for local Subcontractor participation. Construction Manager shall comply with OSU Business Inclusion and Diversity Program as set forth in OSU Standard 03-010. Construction Manager shall document all discussions with, questions received from, and answers and responses given to, any firm from which Construction Manager expects to receive a bid or proposal for the Project, prior to its receipt of the same. Construction Manager shall ensure that any information it provides that might affect other potential Subcontractors is shared with all interested parties prior to the required submittal date. Owner Parties shall be entitled to inspect all such documentation on request.
Subcontractor Interest. Design-Builder shall develop Subcontractor interest in the Project and shall furnish Owner Parties with a list of possible Subcontractors for each principal portion of the Work (the “Potential Subcontractor List”). Design-Builder’s submission of the Potential Subcontractor List is for information and discussion only and is not for Owner Parties’ prequalification. Owner’s receipt of the Potential Subcontractor List shall not require Owner Parties to investigate, and shall not waive Owner Parties’ right to reject, the qualifications of any Subcontractors.
6.2.1 Design-Builder shall furnish Owner Parties with information and advice concerning current construction market bidding conditions and shall advise Owner Parties of subcontracting opportunities with certified diverse businesses.
6.2.2 Within fourteen (14) Days of Owner and Design-Builder entering into a Pricing Amendment, Design-Builder shall furnish Owner Parties with a written list of proposed Subcontractors for each principal portion of the applicable Work. Owner Parties will reply within seven (7) Days to the Design-Builder in writing if Owner has reasonable objection to any such proposed Subcontractor.
6.2.3 Design-Builder shall comply with OSU Business Inclusion and Diversity Program as set forth in OSU Standard 03-010 and OSU Procurement and Contract Services Manual Section 316.
6.2.4 Design-Builder shall, and require Subcontractors to, comply with State of Oregon Bureau of Labor & Industries prevailing wage rates.
6.2.5 Design-Builder shall indemnify, defend, and hold harmless, Owner Parties, from and against any Subcontractor claim that arises due to Design-Builder’s failure to incorporate the relevant terms of this Article 6 and other necessary provisions of the Contract Documents in each Subcontract.
Subcontractor Interest. CONTRACTOR shall pay interest to all subcontractors on all amounts owed by the CONTRACTOR that remains unpaid after seven days following receipt by the CONTRACTOR of payment from COUNTY for work performed by the subcontractors under AGREEMENT, except for amounts withheld as allowed above.
Subcontractor Interest. Design-Builder shall develop Subcontractor interest in the Project and shall furnish Owner Parties with a list of possible Subcontractors for each principal portion of the Work (the “Potential Subcontractor List”). Design-Builder’s submission of the Potential Subcontractor List is for information and discussion only and is not for Owner Parties’ prequalification. Owner’s receipt of the Potential Subcontractor List shall not require Owner Parties to investigate, and shall not waive Owner Parties’ right to reject, the qualifications of any Subcontractors.
6.2.1 Design-Builder shall furnish Owner Parties with information and advice concerning current construction market bidding conditions and shall advise Owner Parties of subcontracting opportunities with certified diverse businesses.