Common use of PROMPT PAYMENT DISCOUNTS Clause in Contracts

PROMPT PAYMENT DISCOUNTS. Bidders are encouraged to offer discounts in exchange for an expedited payment. Payments may be issued earlier than the general goal of within 30 days of receipt of the invoice only when in exchange for discounted prices. Discounts will not be considered in determining the lowest responsible bidder.

Appears in 5 contracts

Sources: Contract for Parks, Recreation & Culture Field Lighting, Contract for Public Works, Contract for Parks & Recreation Maintenance Services