Common use of PROMPT PAYMENT POLICY Clause in Contracts

PROMPT PAYMENT POLICY. It is the policy of the State of Oregon that all payments due on a public improvement contract and owed by a contracting agency shall be paid promptly. No public contracting agency is exempt from the provisions of ORS 279C.570.

Appears in 11 contracts

Sources: Design Build Agreement, Standard Form of Agreement Between Owner and Contractor, Standard Form of Agreement Between Owner and Contractor