Direct Purchase Program. The Owner may elect to implement a direct purchase program whereby it may purchase materials and equipment included in any Subcontractor’s bid for a portion of the Work directly from the supplier of such materials or equipment in order to achieve sales tax savings. Such materials and equipment are referred to as “Direct Purchase Materials.” If Owner elects to implement a direct purchase program, it shall so notify Construction Manager in writing, and the terms of this paragraph shall govern, along with Owner’s policies on the subject in effect at the time Construction Manager commences construction of the Project. Construction Manager shall obtain Builder’s Risk insurance on the Direct Purchase Materials naming Owner as the insured or an additional insured, provided Owner shall reimburse Construction Manager for the cost of such insurance as provided by this Agreement. Construction Manager shall be responsible for safeguarding all Direct Purchase Materials on the Project site on Owner’s behalf.
Appears in 10 contracts
Samples: Construction Management Agreement, Construction Management Agreement, Construction Management Agreement
Direct Purchase Program. The Owner may elect to implement a direct purchase program whereby it may purchase materials and equipment included in any Subcontractor’s bid for a portion of the Work directly from the supplier of such materials or equipment in order to achieve sales tax savings. Such materials and equipment are referred to as “Direct Purchase Materials.” ”. If Owner elects to implement a direct purchase program, it shall so notify Construction Manager Design/Builder in writing, and the terms of this paragraph shall govern, along with Owner’s policies any Owner policy on the subject in effect at the time Construction Manager commences construction of the ProjectDirect Purchase Materials. Construction Manager Design/Builder shall obtain Design/Builder’s Risk risk insurance on the Direct Purchase Materials naming Owner as the insured or an additional insured, provided Owner shall reimburse Construction Manager Design/Builder for the cost of such insurance as provided by this Agreement. Construction Manager Design/Builder shall act as Owner’s agent and be responsible for safeguarding all Direct Purchase Materials on the Project site on Owner’s behalfMaterials.
Appears in 5 contracts
Samples: Design/Build Agreement, Design/Build Agreement, Design/Build Agreement
Direct Purchase Program. The Owner may elect to implement a direct purchase program whereby it may purchase materials and equipment included in any Subcontractor’s bid for a portion of the Work directly from the supplier of such materials or equipment in order to achieve sales tax savings. Such materials and equipment are referred to as “Direct Purchase Materials.” If Owner elects to implement a direct purchase program, it shall so notify Construction Manager in writingManager, and the terms of this paragraph shall govern, along with Owner’s policies on the subject in effect at the time Construction Manager commences construction of the Project. Construction Manager shall obtain BuilderConstruction Manager’s Risk insurance on the Direct Purchase Materials naming Owner as the insured or an additional insured, provided Owner shall reimburse Construction Manager for the cost of such insurance as provided by this AgreementContract. Construction Manager shall be responsible for safeguarding all Direct Purchase Materials on the Project site Site on Owner’s behalf.
Appears in 1 contract
Samples: Contract for Continuing Construction Management for Minor Projects
Direct Purchase Program. The Owner may elect to implement a direct purchase program whereby it may purchase materials and equipment included in any Subcontractor’s bid for a portion of the Work directly from the supplier of such materials or equipment in order to achieve sales tax savings. Such materials and equipment are referred to as “Direct Purchase Materials.” ”. If Owner elects to implement a direct purchase program, it shall so notify Construction Manager the General Contractor in writing, and the terms of this paragraph shall govern, along with Owner’s policies any Owner policy on the subject in effect at the time Construction Manager commences construction of the ProjectDirect Purchase Materials. Construction Manager shall General Contractor may be required to obtain Design/Builder’s Risk risk insurance on the Direct Purchase Materials naming Owner as the insured or an additional insured, provided Owner shall reimburse Construction Manager Design/Builder for the cost of such insurance insurance. Design/Builder shall act as provided by this Agreement. Construction Manager shall Owner’s agent and be responsible for safeguarding all Direct Purchase Materials on the Project site on Owner’s behalfMaterials.
Appears in 1 contract
Samples: Construction Contract