Common use of Payment and interest on late payment Clause in Contracts

Payment and interest on late payment. 29.1 Payments will be made in accordance with the following the option: 1 Maximum pre-financing payment4 40% of contract value 2 Interim payment 30% of contract value 4 Balance 30 % of contract value Total 100% Payment shall be made in accordance with Article 29 of the general conditions.. 29.3 By derogation from Article 29.3 of the general conditions, once the deadline set in Article 29.1 has expired, the contractor will, upon demand, be entitled to late-payment interest at the rate and for the period mentioned in the general conditions submitted The demand must be submitted within two months of receiving late payment.

Payment and interest on late payment. 29.1 Payments will be made in accordance with the following the option: 1 Maximum prePre-financing payment4 40<4 0 % of the contract value 2 Interim payment 30% of contract value 4 Balance 30 % of contract value Total 100% Payment shall be made in accordance with Article 29 of the general conditions..value> 29.3 By derogation from Article 29.3 of the general conditionsGeneral Conditions, once the deadline set in Article Article 29.1 has expired, the contractor Contractor will, upon demand, be entitled to late-payment interest at the rate and for the period mentioned in the general conditions submitted General Conditions submitted. The demand must be submitted within two months of receiving late payment.