Common use of Contractor Property Clause in Contracts

Contractor Property. CONTRACTOR shall provide equipment as it deems necessary, which shall be clearly identified and inventoried. Ownership of this property shall remain with CONTRACTOR and may be removed from the premises at any time by CONTRACTOR, provided that any damage to the Facility resulting from any removal pursuant to this Section shall be repaired by CONTRACTOR at the expense of CONTRACTOR. Any additional equipment purchased by CONTRACTOR during the term of this Contract may be purchased by the Bureau at the conclusion of the Contract at CONTRACTOR`s cost, less depreciation. Documentation of costs shall be provided.