This office lease provision states that the landlord and the tenant mutually acknowledge a good faith estimate, but that only the real estate brokerage fee has actually been determined. Thereafter, the agreed upon sum will be adjusted, increased or decreased, accordingly to reflect the actual sum once determined.
Hawaii Provision to Include Final Billing
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Multi-State
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US-OL4024B
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Word;
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FAQ
(b) Upon final payment to the contractor, full payment to the subcontractor, including retainage, shall be made within ten days after receipt of the money; provided there are no bona fide disputes over the subcontractor's performance under the subcontract.
In 1982, Congress passed the Prompt Payment Act to require Federal agencies to pay their bills on a timely basis; to pay interest penalties when payments are made late, and to take discounts.
Payment Deadlines for Public Projects Upon receipt of a proper request, the public entity must make payment within 30 calendar days. Once the prime contractor has received any type of payment from the public entity, the contractor must pay their subcontractors within 10 days of receipt of payment.
