Common use of Owner Direct Purchase Program Clause in Contracts

Owner Direct Purchase Program. The University may elect to implement an Owner Direct Purchase (ODP) Program whereby it may purchase materials or equipment included in any subcontractor’s bid/quote directly from the supplier of such materials or equipment in order to achieve sales tax savings. Such materials and equipment are referred to as “Owner Direct Purchase (ODP) Materials.” Contractor shall submit to the University a list of appropriate materials and equipment that exceed $5,000 per purchase requisition for consideration by the University as ODP Materials. If the University elects to implement an ODP Program the terms of this paragraph shall govern, along with the University’s policies on the subject in effect at the time Contractor commences construction of the project. Contractor shall obtain Builder’s Risk insurance on the ODP Materials naming the University as the insured or an additional insured, provided the University shall reimburse Contractor for the cost of such insurance as provided by this Agreement. Contractor shall be responsible for safeguarding all ODP Materials on the project site on the University’s behalf.