Common use of To Subcontractor(s) Clause in Contracts

To Subcontractor(s). 1) A contractor awarded a contract under this solicitation is hereby obligated: a) 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 received for work performed by the subcontractor(s) under the contract; or b) To notify Virginia Tech and the subcontractor(s), in writing, of the contractor's intention to withhold payment and the reason. The contractor is obligated to pay the subcontractor(s) interest at the rate of one percent per month (unless otherwise 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 b) 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). 1a) A contractor Contractor awarded a contract under this solicitation RFP is hereby obligated: a) i. To pay the subcontractor(sSubcontractor(s) within seven (7) days of the contractorContractor's receipt of payment from the Commonwealth VCU for the proportionate share of the payment received for work performed by the subcontractor(sSubcontractor(s) under the contract; or b) ii. To notify Virginia Tech VCU and the subcontractor(sSubcontractor(s), in writing, of the contractorContractor'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 provided under the terms of the contract) on all amounts owed by the contractor Contractor that remain unpaid seven (7) days following receipt of payment from the CommonwealthVCU, except for amounts withheld as stated in b) 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 Contractor performing under the primary contract. A contractorContractor's obligation to pay an interest charge to a subcontractor Subcontractor may not be construed to be an obligation of the CommonwealthVCU.

To Subcontractor(s). 1) A contractor awarded a contract under this solicitation is hereby obligated: a) 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 received for work performed by the subcontractor(s) under the contract; or b) To notify Virginia Tech Xxxxxxxxxx County and the subcontractor(s), in writing, of the contractor's intention to withhold payment and the reason. The contractor is obligated to pay the subcontractor(s) interest at the rate of one percent per month (unless otherwise 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 b) b. 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.