Common use of To Subcontractor(s) Clause in Contracts

To Subcontractor(s). i. A contractor awarded a contract under this solicitation is hereby obligated to pay the subcontractors within seven days of the contractor's receipt of payment from the Commonwealth for the proportionate share of the payment received for work performed by the subcontractors under the contract; or to notify the agency and the subcontractors, in writing, of the contractor's intention to withhold payment and the reason. ii. The contractor is obligated to pay the subcontractors interest at the rate of one percent per month (unless otherwise provided in this contract) on all amounts owed by the contractor that remain unpaid seven days following receipt of payment from the Commonwealth, except for amounts withheld as stated in (i) 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.

To Subcontractor(s). (the Rules §45.) i. A contractor awarded a contract under this solicitation is hereby obligated to To pay the subcontractors subcontractor(s) within seven (7) days of the contractor's Contractor’s receipt of payment from the Commonwealth University for the proportionate share of the payment received for work performed by the subcontractors subcontractor(s) under the contract; or to or ii. To notify the agency University and the subcontractorssubcontractor(s), in writing, of the contractor's Contractor’s intention to withhold payment and the reason. iiiii. The contractor is obligated to To pay the subcontractors subcontractor(s) interest at the rate of one percent per month (unless otherwise provided in this under the terms of the contract) on all amounts owed by the contractor Contractor that remain unpaid remainunpaid seven (7) days following receipt of payment from the CommonwealthUniversity, except for amounts withheld xxxxxxxxxxxxxxx as stated in (i2) 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 may not be notbe construed to be an obligation of the CommonwealthUniversity.