Payment for Stored Materials Clause Samples

Payment for Stored Materials. District shall only make payment to Contractor for Stored Materials if agreed upon in advance, in writing, by the District and provided that Contractor submits an itemized list of all Stored Materials with Contractor’s Application for Payment. Contractor’s itemized list of all Stored Materials shall be supported by all of the following: 6.6.2.2.1. Itemized breakdown of the Stored Materials for the purpose of requesting partial payment, identifying the serial numbers and exact storage location of each piece of equipment and material; and 6.6.2.2.2. Verified invoices for the Stored Materials; and 6.6.2.2.3. Original copy of Property of Others Insurance, Employee Theft Protection Insurance Policy, or an Employee Theft Protection Bond based on the type of insurance required by the District. These documents shall include certificates and endorsements stating the coverage and that the District is a loss payee or obligee, as appropriate. The Contractor is required to order, obtain, and store materials and equipment sufficiently in advance of its Work at no additional cost or advance payment from District to assure that there will be no delays.

Payment for Stored Materials. Unless otherwise provided in the Contract Documents, payment will be made on account for materials or equipment not incorporated in the Work but delivered and suitably stored at the Site and/or if approved in advance by the District, and at the District’s discretion on case-by-case basis, payments may be made for materials or equipment stored at some other bonded or otherwise secure location agreed upon in writing. Payments made for materials or equipment stored on or off-site shall be conditioned upon submission by the Design/Builder of bills of sale or such other procedures satisfactory to the District to establish District's title to such materials or equipment or otherwise protect the District's interest, including applicable insurance and transportation to the Site for those materials and equipment stored off-site.

Payment for Stored Materials. ‌ Unless otherwise provided in the Contract Documents, payment will be made on account for materials or equipment not incorporated in the Work but delivered and suitably stored at the Site and/or if approved in advance by the STA, payments may be made for materials or equipment stored at some other location agreed upon in writing. Payments made for materials or equipment stored on or off-site shall be conditioned upon submission by the Design/Builder of bills of sale or such other procedures satisfactory to the STA to establish STA's title to such materials or equipment or otherwise protect the STA's interest, including applicable insurance and transportation to the Site for those materials and equipment stored off-site.

Payment for Stored Materials. When requested in writing by the Contractor, payment allowances may be made for material secured for use on the Project and secured at the project site. Such payments will only be made for materials scheduled for incorporation into the Work within sixty (60) days. Payment for materials stored offsite may be considered at the discretion of the Project Officer. Any such request shall be made in writing, and the Contractor shall provide photographs of materials stored offsite, bills of sale, and proof of insurance on the premises at which off-site materials are stored with the application for payment. Payment for stored materials may also be subject to additional requirements contained elsewhere in the Contract Documents.

Payment for Stored Materials. Unless otherwise provided in the Contract, payments shall be made on account of materials delivered and suitably stored at the Site for subsequent incorporation in the work. Payment will not be made for materials and equipment suitably stored off the Site. Payment for materials and equipment stored on the Site shall be conditioned upon (1) compliance by the Contractor with procedures satisfactory to the Owner to establish the Owner’s title to such materials and equipment or otherwise protect the Owner’s interest, (2) property insurance as set forth in the Owner’s Invitation for Bid (solicitation 2025-005-IFB) and (3) transportation to the Site. The Owner will not consider requests to pay for items that are stored offsite, or off-the-shelf type materials not requiring a long lead time to order.

Payment for Stored Materials. District shall only make payment to Contractor for Stored Materials if agreed upon in advance, in writing, by the District and provided that Contractor submits an itemized list of all Stored Materials with Contractor’s Application for Payment. Contractor’s itemized list of all Stored Materials shall be supported by all of the following: 6.6.2.2.1. Itemized breakdown of the Stored Materials for the purpose of requesting partial payment, identifying the serial numbers and exact storage location of each piece of equipment and material; and 6.6.2.2.2. Verified invoices for the Stored Materials; and 6.6.2.2.3. Original copy of Property of Others Insurance, Employee Theft Protection Insurance Policy, or an Employee Theft Protection Bond based on the type of insurance required by the District. These documents shall include certificates and endorsements stating the coverage and that the District is a loss payee or obligee, as appropriate.

Payment for Stored Materials. Payment allowances may be made for material secured for use on the Project and secured at the project Site or at other locations reasonably acceptable to the County. Upon request by the County, the Contractor shall provide photographs of materials stored offsite, bills of sale, and proof of insurance on the premises at which off-site materials are stored with the application for payment.

Payment for Stored Materials. Judicial Council shall only make payment to Contractor for Stored Materials if agreed upon in advance, in writing, by the Judicial Council and provided that Contractor submits an itemized list of all Stored Materials with Contractor’s Application for Payment. Contractor’s itemized list of all Stored Materials shall be supported by all of the following: 13.2.2.1. Itemized breakdown of the Stored Materials for the purpose of requesting partial payment, identifying the serial numbers and exact storage location of each piece of equipment and material; and 13.2.2.2. Verified invoices for the Stored Materials; and 13.2.2.3. Original copy of Property of Others Insurance, Employee Theft Protection Insurance Policy, or an Employee Theft Protection Bond based on the type of insurance required by the Judicial Council. These documents shall include certificates and endorsements stating the coverage and that the Judicial Council is a loss payee or obligee, as appropriate.

Payment for Stored Materials. The ODR shall be the sole authority for approval (proof of insurance or bond will be required). 1. Where the Schedule of Values separates items into labor amounts and material amounts, payment will be made for materials delivered and suitably stored on Site provided said material is required for installation according to the Contractor’s Work Progress Schedule (WPS). Invoices for stored materials will be submitted when required by the ODR. Stored material invoices will be accepted only after an approved shop drawing or sample has been received by the ODR. Invoices for stored materials will only be considered when they exceed five hundred dollars ($500) for each individual item. There will be no invoices accepted that contain tools, or expendable materials. Invoices will only be considered that are referenced to the materials in the SOV. Invoices that are not legible will not be considered for payment. All stored materials will be checked by the Project Superintendent and verified by the ODR before being incorporated into the payment application. 2. Materials stored at an off-site location which are eligible for inclusion on progress payments are defined as finished goods made specifically for the Project, provided said material is required for installation according to the Contractor’s WPS. Raw materials, work in progress at fabrication plants, and commodity items readily available for purchase are not eligible for inclusion in Contractor's Application for Payment. 3. Payment will be made under following provisions: a. Items are listed separately on Application for Payment. b. Include with Application for Payment: (1) Paid receipts showing Contractor is unconditional owner. (2) Fully executed Transfer of Title on photocopy of form provided herein. (3) Location where materials are stored if off site, and method used to store. (4) Identify items in offsite storage as property of Owner and furnish description of identification method. (5) Inventory of items and methods used to verify inventory, including Contractor's certification that quantities have been received in good order. (6) Proof of insurance for materials stored off site, in Owner's name. (7) Proof of transportation arranged for delivery of material stored off site. (8) Material delivered and stored on site or off site needs to parallel WPS. c. ODR reserves right to verify storage by physical inspection at any time. d. Payment does not relieve Contractor's obligations to protect, transport and inst...