Payment turn around time
I submitted a Pay app request before their deadline of the 22nd of each month. I emailed it April 19th and was accepted. I have not received Payment yet. I mar e a inquiry on it and they emailed me this:
“Thank you for your email! Please refer to Article 2 Payment Terms of your Subcontractor Agreement which states:
2.8 The subcontractor is paid only if the general contractor is paid for corresponding work. The total price paid to the Subcontractor
shall be the contract price, as detailed in Article 2.1, no part of which shall be paid until ten business days after payment is received
by the Contractor from the Owner.
And to keep checking for updates.