NSITE DOCUMENT
Construction Delay Language - HART.docx
- Library: Purchissues
- Year Created: 2012
- File Type: DOCX
The document outlines various clauses related to invoicing and payment, excusable delays, and payments in a contractual agreement between a Contractor and an Authority. It covers aspects such as cash discounts for prompt payment, progress payments, holdback of payments for defective work, excusable delays due to uncontrollable factors, monthly progress payments, retention of a percentage until final completion, reimbursement for performance and payment bonds, conditions for withholding progress payments, requirements for performance and payment bonds based on contract amount, and the timeline for submitting the required bonds after the Notice of Award.