Owner to Prime Contractor (Private): Unless explicitly waived or altered by contract, 21 days after receipt of invoice.
Prime Contractor to Subcontractor (Private): Unless explicitly waived or altered by contract, 7 days after receipt of payment from owner.
Interest/Penalties (Private): Interest at a rate of 1% per month.
Owner to Prime Contractor (Public): Unless explicitly waived or altered by contract, 21 days after receipt of invoice.
Prime Contractor to Subcontractor (Public): Unless explicitly waived or altered by contract, 7 days after receipt of payment from owner.
Interest/Penalties (Public): Interest at a rate of 1% per month.
Pay-If-Paid Permissible: No.
Special Notes: Party seeking payment must provide notice of statutory entitlement to interest to be entitled to charge interest on late payment.
Disclaimer: This information was published on July 1, 2020. Please contact Josh Levy, Eric Meier or Samantha Schacht for modifications made by South Carolina since that date. Visit our 50-State Construction Law Map for information on other states.