Common use of Withholding Progress Payments Clause in Contracts

Withholding Progress Payments. The Owner may withhold all or part of any progress payment or payments until the Contractor or Subcontractor has remedied the breach of this Agreement. In the event that progress payments are withheld, the Contractor shall not be entitled to interest on said payments. If a Subcontractor is responsible for noncompliance of the workforce Program requirements, the Owner may choose to withhold only the Subcontractor’s portion of the progress payment.

Appears in 2 contracts

Samples: Community Benefits Agreement, Community Benefits Agreement

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Withholding Progress Payments. The Owner may withhold all or part of any progress payment or payments until the Contractor or Subcontractor has remedied the breach of this Agreementcontract. In the event that progress payments are withheld, the Contractor contractor shall not be entitled to interest on said payments. If a Subcontractor subcontractor(s) is responsible for noncompliance of with the workforce Workforce Program requirements, the Owner may choose to withhold only the Subcontractor’s their portion of the progress payment. However, before an Owner can withhold progress payments, the labor-management-community committee must determine that the workers of the violator will not be unduly harmed.

Appears in 1 contract

Samples: Community Benefits Agreement

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Withholding Progress Payments. The Owner may withhold all or part of any progress payment or payments until the Contractor or Subcontractor has remedied the breach of this Agreement. In the event that progress payments are withheld, the Contractor shall not be entitled to interest on said payments. If a Subcontractor is responsible for noncompliance of with the workforce Owner's WFTH Program requirements, the Owner may choose to withhold only the Subcontractor’s 's portion of the progress payment.

Appears in 1 contract

Samples: Project Labor Agreement

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