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Are there any prompt payment standards for work awarded to SLBE and MLBE firms under the Mandatory Subcontracting Requirements?

April 26, 2017firms mandatory mlbe payment prompt slbe Standards subcontracting

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Are there any prompt payment standards for work awarded to SLBE and MLBE firms under the Mandatory Subcontracting Requirements?

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A. Yes. Prime contractors must pay their subcontractors within fourteen days of receiving payment from the MDC. In addition, when making an application for payment, the prime contractors must certify, under oath, that all subcontractors have been paid.