Common use of Prompt Progress Payment to Subcontractors Clause in Contracts

Prompt Progress Payment to Subcontractors. A Prime Contractor or Subcontractor shall pay any Subcontractor not later than 10 days of receipt of each progress payment in accordance with the provision in Section 7108.5 of the California Business and Professions Code concerning prompt payment to Subcontractors. The 10 days is applicable unless a longer period is agreed to in writing. Any delay or postponement of payment over 30 days may take place only for good cause and with the City’s prior written approval. Any violation of Section 7108.5 shall subject the violating Contractor or Subcontractor to the penalties, sanction and other remedies of that section. This requirement shall not be construed to limit or impair any contractual, administrative, or judicial remedies otherwise available to the Contractor or Subcontractor in the event of a dispute involving late payment or nonpayment by the Prime Contractor, deficient subcontract performance, or noncompliance by a subcontractor.

Prompt Progress Payment to Subcontractors. A Prime Contractor prime contractor or Subcontractor subcontractor shall pay any Subcontractor subcontractor not later than 10 7 days of from receipt of each progress payment in accordance with the provision in Section 7108.5 of the California Business and Professions Code concerning prompt payment to Subcontractorssubcontractors. The 10 7 days is applicable unless a longer period is agreed to in writing. Any delay or postponement of payment over 30 days may take place only for good cause and with the CityCounty’s prior written approval. Any violation of Section 7108.5 shall subject the violating Contractor contractor or Subcontractor subcontractor to the penalties, sanction sanctions and other remedies of that section. This requirement shall not be construed to limit or impair any contractual, administrative, or judicial remedies otherwise available to the Contractor contractor or Subcontractor subcontractor in the event of a dispute involving late payment or nonpayment by the Prime Contractorprime contractor, deficient subcontract performance, or noncompliance by a subcontractor.