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(a) A payment clause that obligates the contractor to pay the first-tier <br />subcontractor for satisfactory performance under its subcontract within ten <br />(10) days out of such amounts as are paid to the contractor by the city <br />under the contract; and <br />(b) An interest penalty clause that obligates the contractor, if payment is not <br />made within thirty (30) days after receipt of payment from the city, to pay <br />to the first-tier subcontractor an interest penalty on amounts due in the <br />case of each payment not made in accordance with the payment clause <br />included in the subcontract under paragraph (a) of this subsection. A <br />contractor or first-tier subcontractor may not be obligated to pay an <br />interest penalty if the only reason that the contractor or first-tier <br />subcontractor did not make payment when payment was due is that the <br />contractor or first-tier subcontractor did not receive payment from the city <br />or contractor when payment was due. The interest penalty shall be: <br />(A) For the period beginning on the day after the required payment date <br />and ending on the date on which payment of the amount due is <br />made; and <br />(B) Computed at the rate specified in ORS 279C.515 (2). <br />15.5 .5 .2 Prompt Payment by Subcontractors. <br /> Each Public Improvement contract shall <br />require the contractor to include in each of the contractor’s subcontracts, for the <br />purpose of performance of such contract condition, a provision requiring the <br />first-tier subcontractor to include a payment clause and an interest penalty <br />clause conforming to the standards of subsection (3) of this section in each of <br />the first-tier subcontractor’s subcontracts and to require each of the first-tier <br />subcontractor’s subcontractors to include such clauses in their subcontracts with <br />each lower-tier subcontractor or supplier. <br />APPWC <br />15.6. <br />DDITIONAL ROVISIONS FOR UBLIC ORKS ONTRACTS <br />15.6 .1 CPRPRWF <br />ONTRACTUAL ROVISIONSEGARDING REVAILING ATES OF AGE AND EE <br />FAL. <br />ORDMINISTRATION OF AW <br />15.6 .1 .1 Inclusion of Prevailing Wages and Statement for Public Works Contracts . <br />The Specifications for every contract for Public Works, shall contain a <br />provision stating the existing prevailing rate of wage that may be paid to <br />workers in each trade or occupation required for the Public Works employed in <br />the performance of the contract either by the contractor or subcontractor or <br />other Person doing or contracting to do the whole or any part of the work <br />contemplated by the contract. The contract shall contain a provision that the <br />workers shall be paid not less than the specified minimum hourly rate of wage. <br />15.6 .1 .2 Inclusion of Prevailing Wages and Statement for Public Works Contracts <br />Involving Application of Davis-Bacon Act. <br /> The Specifications for every <br />contract for Public Works shall contain a provision stating the existing state <br />Article 15 ContractsPage 77 <br />Exhibit A to Administrative Order No. 44-08-06-F <br /> <br />