Chapter 279C 2011 EDITION Public Contracting - Public Improvements and Related Contracts GENERAL PRO: Fill out & sign online

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What is the public contracting code in Oregon?

The Public Contracting Code consists of three chapters in the Oregon Revised Statutes (ORS): ORS 279A (policy for all contracting activities), ORS 279B (procurements of goods and services), and ORS 279C (construction as well as architectural, engineering, photogrammetric mapping, transportation planning, land surveying

What is the Oregon prompt pay law?

Under Oregon law, owners must make progress payments no later than 14 days after the date billing is received, and they have only 7 days to make the final payment after work is approved. However, these deadlines only apply to private projects.

How long does a contractor have to pay a subcontractor in Oregon?

ORS 279C. 580(3)(a) obligates the Contractor to pay their Subcontractors for their Work within 10 Calendar Days after they receive payment for such Work from the Agency. That provision must be included in each subcontract.

What are prompt payment terms?

Prompt payment is a commercial discipline which requires businesses to: agree fair and reasonable payment terms with their suppliers. ensure suppliers invoices are approved and paid within agreed terms. encourage adoption of the same practices throughout their supply chain.

What is the Federal Prompt pay Act?

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.

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