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

Payment and interest on late payment. 8.1 Payments shall be made in accordance with the following the option: The payment to the contractor of the amount due under final payment shall be made within 30 days after receipt by the contracting authority of an invoice and of the report, subject to approval of those reports in accordance with Article 27 of the general conditions. 8.2 Payments shall be made in BAM in accordance with Articles 20.6 and 29.4 of the general conditions into the bank account notified by the contractor to the contracting authority.

Payment and interest on late payment. 8.1 29.1 Payments shall will be made in accordance with the following the option: The payment By derogation, the payments to the contractor Contractor of the amount amounts due under interim and final payment payments shall be made within 30 90 days after receipt by the contracting authority Contracting Authority of an invoice and of the reportreports, subject to approval of those reports in accordance with Article 27 of the general conditionsGeneral Conditions the rate and for the period mentioned in the General Conditions submitted. The demand must be submitted within two months of receiving late payment. 8.2 Payments shall be made in BAM in accordance with Articles 20.6 and 29.4 of the general conditions into the bank account notified by the contractor to the contracting authority.]