Common use of To Subcontractor(s) Clause in Contracts

To Subcontractor(s). a. A contractor awarded a contract under this solicitation is hereby obligated: 1) To pay the subcontractor(s) within seven (7) days of the contractor’s receipt of payment from the Commonwealth for the proportionate share of the payment record for work performed by the subcontractor(s) under the contract; or 2) To notify the University and the subcontractor(s), in writing, of the contractor’s intention to withhold payment and the reason. b. The contractor is obligated to pay the subcontractor(s) interest at the rate of one percent per month (unless otherwise prohibited under the terms of the contract) on all amounts owed by contractor that remain unpaid seven (7) days following receipt of payment from the Commonwealth, except for amounts withheld as stated in (2) above. The date of mailing of any payment by U.S. Mail is deemed to be payment to the addressee. These provisions apply to each sub-tier contractor performing under the primary contract. A contractor’s obligation to pay an interest charge to a subcontractor may not be construed to be an obligation of the Commonwealth.

Appears in 2 contracts

Samples: General Terms and Conditions, General Terms and Conditions

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To Subcontractor(s). a. A contractor Contractor awarded a contract under this solicitation is hereby obligated: (1) To pay the subcontractor(s) within seven (7) days of the contractor’s Contractor's receipt of payment from the Commonwealth for the proportionate share of the payment record received for work performed by the subcontractor(s) under the contract; or (2) To notify the University agency and the subcontractor(s), in writing, of the contractor’s Contractor's intention to withhold payment and the reason. b. The contractor Contractor is obligated to pay the subcontractor(s) interest at the rate of one percent per month (unless otherwise prohibited provided under the terms of the contract) on all amounts owed by contractor the Contractor that remain unpaid seven (7) days following receipt of payment from the Commonwealth, except for amounts withheld as stated in (2) above. The date of mailing of any payment by U.S. U. S. Mail is deemed to be payment to the addressee. These provisions apply to each sub-tier contractor performing under the primary contract. A contractor’s 's obligation to pay an interest charge to a subcontractor may not be construed to be an obligation of the Commonwealth.

Appears in 1 contract

Samples: Contract

To Subcontractor(s). a. A contractor a) Contractor awarded a contract under this solicitation is hereby obligated: (1) To pay the subcontractor(sSubcontractor(s) within seven (7) days of the contractor’s Contractor's receipt of payment from the Commonwealth for the proportionate share of the payment record received for work performed by the subcontractor(sSubcontractor(s) under the contract; or (2) To notify the University agency and the subcontractor(sSubcontractor(s), in writing, of the contractor’s Contractor's intention to withhold payment and the reason. b. b) The contractor Contractor is obligated to pay the subcontractor(sSubcontractor(s) interest at the rate of one percent per month (unless otherwise prohibited provided under the terms of the contract) on all amounts owed by contractor the Contractor that remain unpaid seven (7) days following receipt of payment from the Commonwealth, except for amounts withheld as stated in (22.(a) above. The date of mailing of any payment by U.S. Mail is deemed to be payment to the addressee. These provisions apply to each sub-tier contractor Contractor performing under the primary contract. A contractor’s Contractor's obligation to pay an interest charge to a subcontractor Subcontractor may not be construed to be an obligation of the Commonwealth.

Appears in 1 contract

Samples: Standard Contract

To Subcontractor(s). a. A contractor awarded a contract under this solicitation agreement is hereby obligated: (1) To pay the subcontractor(s) within seven (7) days of the contractor’s receipt of payment from the Commonwealth for the proportionate share of the payment record received for work performed by the subcontractor(s) under the contract; or (2) To notify the University agency and the subcontractor(s), in writing, of the contractor’s intention to withhold payment and the reason. b. The contractor is obligated to pay the subcontractor(s) interest at the rate of one percent per month (unless otherwise prohibited provided under the terms of the contract) on all amounts owed by the contractor that remain unpaid seven (7) days following receipt of payment from the Commonwealth, except for amounts withheld as stated in (2) above. The date of mailing of any payment by U.S. U. S. Mail is deemed to be payment to the addressee. These provisions apply to each sub-tier contractor performing under the primary contract. A contractor’s obligation to pay an interest charge to a subcontractor may not be construed to be an obligation of the Commonwealth.

Appears in 1 contract

Samples: Speaker Agreement

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To Subcontractor(s). a. A contractor Contractor awarded a contract under this solicitation is hereby obligated: (1) To pay the subcontractor(sSubcontractor(s) within seven (7) days of the contractor’s Contractor's receipt of payment from the Commonwealth for the proportionate share of the payment record received for work performed by the subcontractor(sSubcontractor(s) under the contract; or (2) To notify the University agency and the subcontractor(sSubcontractor(s), in writing, of the contractor’s Contractor's intention to withhold payment and the reason. b. The contractor Contractor is obligated to pay the subcontractor(sSubcontractor(s) interest at the rate of one percent per month (unless otherwise prohibited provided under the terms of the contract) on all amounts owed by contractor the Contractor that remain unpaid seven (7) days following receipt of payment from the Commonwealth, except for amounts withheld as stated in (2) . above. The date of mailing of any payment by U.S. Mail is deemed to be payment to the addressee. These provisions apply to each sub-sub tier contractor Contractor performing under the primary contract. A contractor’s Contractor's obligation to pay an interest charge to a subcontractor Subcontractor may not be construed to be an obligation of the Commonwealth.

Appears in 1 contract

Samples: Procurement Services

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