As an M/WBE firm am I guaranteed payment after a certain period of time?
As a prime contractor or a subcontractor there are time frames in which all contractors must be paid. Prime contractors are required to receive payment within 30 days of acceptance of their payment request or the contractor payment becomes subject to a late interest payment by the City. As a subcontractor you are required to receive payment from the prime contractor within 7 days after receipt of payment by the City to the prime contractor.
