Common use of Costs of Materials and Equipment Incorporated into the Completed Construction Clause in Contracts

Costs of Materials and Equipment Incorporated into the Completed Construction. Costs of materials and equipment incorporated into the completed Project, which shall include the following. 5.1.3.1. Costs (including transportation and storage) of materials and equipment incorporated, or to be incorporated, into the completed Project. 5.1.3.2. Costs of materials in excess of those actually installed or incorporated to allow for reasonable waste and spoilage. Unused excess materials, if any, shall become TFC’s property at the completion of the Work or, at TFC’s option, shall be sold by CMR in a commercially reasonable manner. Any amounts realized from such sales shall be credited to TFC as a deduction from the Cost of Work.

Appears in 4 contracts

Samples: Construction Manager at Risk Contract, Construction Manager at Risk Contract, Construction Manager at Risk Contract

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Costs of Materials and Equipment Incorporated into the Completed Construction. Costs of materials and equipment incorporated into the completed Project, which shall include the following.: 5.1.3.16.1.3.1. Costs costs (including transportation and storage) of materials and equipment incorporated, or to be incorporated, into the completed Project.; and 5.1.3.26.1.3.2. Costs costs of materials in excess of those actually installed or incorporated to allow for reasonable waste and spoilage. Unused excess materials, if any, shall become TFC’s property at the completion of the Work or, at TFC’s option, shall be sold by CMR in a commercially reasonable manner. Any amounts realized from such sales shall be credited to TFC as a deduction from the Cost of Work.

Appears in 1 contract

Samples: Construction Manager at Risk Contract

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Costs of Materials and Equipment Incorporated into the Completed Construction. Costs of materials and equipment incorporated into the completed Project, which shall include the following.: 5.1.3.1. Costs costs (including transportation and storage) of materials and equipment incorporated, or to be incorporated, into the completed Project.; and 5.1.3.2. Costs costs of materials in excess of those actually installed or incorporated to allow for reasonable waste and spoilage. Unused excess materials, if any, shall become TFC’s property at the completion of the Work or, at TFC’s option, shall be sold by CMR in a commercially reasonable manner. Any amounts realized from such sales shall be credited to TFC as a deduction from the Cost of Work.

Appears in 1 contract

Samples: Construction Manager at Risk Contract

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