Late payments accrue 1.5% interest per month
Catalog row in Vendor License Evidence · Cited
- Kind
- Contract excerpt
- Excerpt
- "Interest shall accrue on past due payments of such invoices at the rate of one and one-half percent (1.5%) per month"
- Locator
- General Terms and Conditions §2.1
- Applies to
- Late payments accrue 1.5% interest per month
- Supports rules
- Related programs
- Sources