Common use of Unexcused Failure to Pay Clause in Contracts

Unexcused Failure to Pay. If Owner, without cause or basis hereunder, fails to pay Design/Builder any amounts due and payable to Design/Builder within twenty (20) days after the date established in this Contract for payment of such amounts, then the payment shall bear interest in accordance with the Florida Prompt Payment Act, as amended. Provided, however, that Owner shall not be liable for interest due on any late or delayed progress payment or final payment caused by any good faith claim or dispute, any discrepancy in quantities, any failure to provide supporting documentation or other information required with the request for payment or as a precondition to payment under the Contract Documents, or due to any payment Owner has a right to withhold or not certify under the Contract Documents.