Virginia Provision to Include Final Billing

State:
Multi-State
Control #:
US-OL4024B
Format:
Word; 
PDF
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Description

This office lease provision states that the landlord and the tenant mutually acknowledge a good faith estimate, but that only the real estate brokerage fee has actually been determined. Thereafter, the agreed upon sum will be adjusted, increased or decreased, accordingly to reflect the actual sum once determined.

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FAQ

The Virginia Public Procurement Act §2.2-4300 of the Code of Virginia provides guidance regarding public policies pertaining to governmental procurement from nongovernmental sources, to include governmental procurement that may or may not result in monetary consideration for either party.

Contractual disputes. A. Contractual claims, whether for money or other relief, shall be submitted in writing no later than 60 days after final payment.

See Virginia Code §64.2-528. If the estate disputes any claims, the fiduciary may request that the commissioner hold a debts and demands hearing. The fiduciary must give disputed notice to the creditor if the estate disputes a claim.

Any public body may participate in, sponsor, conduct, or administer a joint procurement agreement on behalf of or in conjunction with one or more other public bodies, or public agencies or institutions or localities of the several states, of the United States or its territories, the District of Columbia, the U.S. ...

2-4347 to 2.2-4356, contains provisions for payments on publicly owned or financed projects. Beginning January 1, 2023, Virginia law will make pay-if- paid and pay-when-paid clauses in any public or private contract unenforceable (Va.

Every agency of local government that acquires goods or services, or conducts any other type of contractual business with a nongovernmental, privately owned enterprise, shall promptly pay for the completed delivered goods or services by the required payment date.

A payment clause that obligates the contractor on a construction contract, in the event that the contractor has not received payment from the state agency or local government for work performed by a subcontractor under such contract, to be liable for the entire amount owed to such subcontractor and to pay such ...

A payment clause that obligates the contractor on a construction contract, in the event that the contractor has not received payment from the state agency or local government for work performed by a subcontractor under such contract, to be liable for the entire amount owed to such subcontractor and to pay such ...

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Virginia Provision to Include Final Billing