Common use of Discounts, Rebates, Refunds, and Excess Materials Clause in Contracts

Discounts, Rebates, Refunds, and Excess Materials. For purposes of determining the cost, if any, of any change, addition, or omission to the Work hereunder, all trade discounts, rebates, refunds, and all returns from the sale of surplus materials and equipment shall accrue and be credited to the Contractor, and the Contractor shall make provisions so that such discounts, rebates, refunds and returns may be secured and the amount thereof shall be allowed as a reduction of the Contractor’s cost in determining the actual cost of construction for purposes of any change, addition, or omissions in the Work as provided herein. Should a change in work scope be made after materials have already been specially fabricated or delivered or paid for and CONTRACTOR is unable to provide a proper credit for such materials due to its custom or special nature, CONTRACTOR shall notify ARCHITECT/ENGINEER in writing so that DISTRICT can determine whether or not such materials should be delivered and retained by DISTRICT as attic stock or surplus materials. CONTRACTOR shall not sell, give away, throw away, destroy or salvage such materials without DISTRICT’s written consent.