Payments due and unpaid under the Contract. shall bear interest from the date payment is due at the rate stated below, or in the absence thereof, at the legal rate prevailing from time to time at the place where the Project is located.
Appears in 25 contracts
Sources: Standard Form of Agreement Between Owner and Contractor, Standard Form of Agreement Between Owner and Contractor, Standard Form of Agreement Between Owner and Contractor
Payments due and unpaid under the Contract. shall bear interest from the date payment is due at the rate stated below, or in the absence thereof, at the legal rate prevailing from time to time at the atthe place where the Project is located.
Appears in 1 contract
Sources: Standard Form of Agreement Between Owner and Contractor