Common use of Materials Stored Clause in Contracts

Materials Stored. Application for payment may include, at the Contractor’s option, the cost of products not yet incorporated into the Work which have been delivered to the site or to other storage locations authorized and approved by the Engineer. The Owner reserves the right to accept or reject pay requests for stored materials, and to limit payments to those stored materials which, in the Engineer's judgment, are necessary for continuing satisfactory Project progress. Payment for stored products will be subject to the following conditions being met or satisfied: (1) The products shall be received in a condition satisfactory for incorporation in the Work, including manufacturer’s storage and installation instructions; (2) The products shall be stored in accordance with the manufacturer’s recommendations and in such manner that any and all manufacturer’s warranties will be maintained and that they will not be damaged due to weather, construction operation, or any other cause; (3) An invoice from the manufacturer shall be furnished for each item on which payment is requested. The request may include reimbursement for cost of delivery, limited to common carrier rates, to the site, but will not include the Contractor handling, on or off site, or for storage expense; (4) The Contractor shall, on request of the Engineer, furnish written proof from the supplier of payment (less retention equal in percentage to that being retained by the Owner) for the products no later than 30 days after receipt of payment for same from the Owner. The Owner will have the right to deduct from the next payment estimate an amount equal to the payment for products if reasonable and adequate proof is not submitted; and, (5) Shop drawings, product data and samples, showing “No Exceptions Taken”, have been received from the Contractor for that specific equipment or material.

Materials Stored. Application for payment may include, at the Contractor’s option, the cost of products not yet incorporated into the Work which have been delivered to the site or to other storage locations authorized and approved by the Engineer. The Owner reserves the right to accept or reject pay requests for stored materials, and to limit payments to those stored materials which, in the Engineer's judgment, are necessary for continuing satisfactory Project progress. Payment for stored products will be subject to the following conditions being met or satisfied: (1) The products shall be received in a condition satisfactory for incorporation in the Work, including manufacturer’s storage and installation instructions;; General Conditions (2) The products shall be stored in accordance with the manufacturer’s recommendations and in such manner that any and all manufacturer’s warranties will be maintained and that they will not be damaged due to weather, construction operation, or any other cause; (3) An invoice from the manufacturer shall be furnished for each item on which payment is requested. The request may include reimbursement for cost of delivery, limited to common carrier rates, to the site, but will not include the Contractor handling, on or off site, or for storage expense; (4) The Contractor shall, on request of the Engineer, furnish written proof from the supplier of payment (less retention equal in percentage to that being retained by the Owner) for the products no later than 30 days after receipt of payment for same from the Owner. The Owner will have the right to deduct from the next payment estimate an amount equal to the payment for products if reasonable and adequate proof is not submitted; and, (5) Shop drawings, product data and samples, showing “No Exceptions Taken”, have been received from the Contractor for that specific equipment or material.

Materials Stored. Application for payment may include, at the Contractor’s option, the cost of products not yet incorporated into the Work which have been delivered to the site or to other storage locations authorized and approved by the Engineer. The Owner reserves the right to accept or reject pay requests for stored materials, and to limit payments to those stored materials which, in the Engineer's judgment, are necessary for continuing satisfactory Project progress. Payment for stored products will be subject to the following conditions being met or satisfied: (1) The products shall be received in a condition satisfactory for incorporation in the Work, 00700-34 General Conditions including manufacturer’s storage and installation instructions; (2) The products shall be stored in accordance with the manufacturer’s recommendations and in such manner that any and all manufacturer’s warranties will be maintained and that they will not be damaged due to weather, construction operation, operation or any other cause; (3) An invoice from the manufacturer shall be furnished for each item on which payment is requested. The request may include reimbursement for cost of delivery, limited to common carrier rates, to the site, but will not include the Contractor handling, on or off site, or for storage expense; (4) The Contractor shall, on request of the Engineer, furnish written proof from the supplier of payment (less retention equal in percentage to that being retained by the Owner) for the products no later than 30 days after receipt of payment for same from the Owner. The Owner will have the right to deduct from the next payment estimate an amount equal to the payment for products if reasonable and adequate proof is not submitted; and, (5) Shop drawings, product data and samples, showing “No Exceptions Taken”, have been received from the Contractor for that specific equipment or material.