THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. Title 17 of The Philadelphia Code is hereby amended to read as follows:
TITLE 17. CONTRACTS AND PROCUREMENT.
CHAPTER 17-1700.
PROMPT PAYMENT OF CITY VENDORS AND THEIR SUBCONTRACTORS.
§ 17-1702. Prompt Payment of City Vendors.
(a) The City shall specify a time period (the "Prompt Payment Period") within which it will pay invoices properly submitted by a Vendor. The Prompt Payment Period need not be uniform for all Procurement Contracts, but it shall not exceed
fifteen (15)
[thirty (30)] days unless a greater period of time, not to exceed
thirty (30)
[sixty (60)] days, is reasonably required for the City to determine whether goods have been properly provided or services have been properly performed.
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Explanation:
[Brackets] indicate matter deleted.
Italics
indicate matter added.
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