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Home>Levelset Community>Legal Help>Contractor says I have to pay interest after 30 days. Our contact does not say anything about interest can he do this?

Contractor says I have to pay interest after 30 days. Our contact does not say anything about interest can he do this?

DelawareRetainage

I’m holding 10% due to bad work which he said months ago he would correct before he sent his final bill and I’m positive he has no intention to do at this time.

1 reply

Apr 6, 2022

If an interest clause is not in the contract or any attached terms and conditions then generally no, you cannot be required to pay interest unless a court orders you to do so. If the contractor takes you to court he can secure an award of post-judgment interest at the then-prevailing legal rate.

 

 

 

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