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 Max. 40 % of the contract value 24 Balance Maximum 60 % of the contract value Total <Total contract value> By derogation, the payments to the contractor of the amounts due under interim and final payments shall be made within 90 days after receipt by the contracting authority of an invoice and of the reports, subject to approval of those reports in accordance with Article 27 of the general conditions. By derogation, the pre-financing payment shall be made within 90 days from the date on which an admissible invoice is registered by the contracting authority.

Payment and interest on late payment. 29.1 Payments will be made in accordance with the following the option: 1 Maximum pre-financing payment4 Max. 40 % of the contract value 24 8 Balance Maximum 60 % of the contract value Total <Total contract value> By derogation, the payments to the contractor of the amounts due under interim and final payments shall be made within 90 days after receipt by the contracting authority of an invoice and of the reports, subject to approval of those reports in accordance with Article 27 of the general conditions. By derogation, the pre-financing payment shall be made within 90 days from the date on which an admissible invoice is registered by the contracting authority.

Payment and interest on late payment. 29.1 Payments will be made in accordance with the following the option: 1 Maximum pre-financing payment4 Max. 40 % of the contract value 24 4 Balance Maximum 60 % of the contract value Total <Total contract value> By derogation, the payments to the contractor of the amounts due under interim and final payments shall be made within 90 days after receipt by the contracting authority of an invoice and of the reports, subject to approval of those reports in accordance with Article 27 of the general conditions. By derogation, the pre-financing payment shall be made within 90 days from the date on which an admissible invoice is registered by the contracting authority.