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Colorado Subcontractor Agreement | Law Insider: What You Should Know
Subcontractor Sample Clauses — Law Insider Subcontractor Sample Clauses shall require the Subcontracting party (the party doing the Subcontractors' services) to: Subcontractor Sample Clause. The first paragraph of any Contract with a Subcontractor shall contain the following clauses as Subcontractor Sample Clauses — Law Insider Section 1: The Service Provider and any Contracting party shall: Section 2: The service (the contracted services of the Contractor and the Subcontracting party) shall be performed with due care and competency, in a way that: Section 3 : The Contracting party shall ensure that the Subcontractors perform their services in a manner that is within the scope of the Contract with the Service Provider, and Section 4: Subject to the availability of money, the parties (the Contractor and Subcontractors) shall pay reasonable compensation (a) to each Subcontractor for services performed; and (b) for subcontractors that are performing work in a State, Country, Region, or City with a minimum of 10 percent of the total services performed by the Subcontractors (the “Subcontractor Share”). The Contractor's Subcontractors shall receive the Contractor's Subcontractor Share at the same time payment is made by the Contracting party to the Subcontractors. (the “Subcontractor Payment”). However, any Subcontractor who is not paid any portion of the Subcontractor Share shall have no right to the Subcontractor Share. The Contractor and Subcontractor shall use their reasonable efforts to secure payment through the payment mechanism specified in Section 14:2 of this Agreement with the Subcontractor. Any Subcontractors that were paid the Contractor's Subcontractor Share shall have no interest in the residual Subcontractors' Subcontractor Share. Contracting Party Payment. Any Subcontractor who receives the Contracting Party's payment will have no claim nor interest in the residual Subcontractor Share. Payment shall take effect upon the completion of payment to the Contracting party to the Subcontractors, provided that, the Contracting Party shall promptly notify each Subcontractor of the payment amount within two weeks after the Contracting Party has received the total payment. Payment is non-transferable and is only a right of payment, not a right to any consideration.
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