Materials Procured With the Assistance of Employer Sample Clauses

Materials Procured With the Assistance of Employer. If any material for the execution of this contract is procured with the assistance of Employer either by issue from its stores or purchase made under orders or permits or licenses obtained by Employer, the contractor shall hold and use the said materials economically and solely for the purpose of this contract and shall not dispose them without the permission of Employer/ Employer’s Engineer. The contractor, if required by the Employer, shall return all such surplus or unserviceable materials that may be left with him after the completion of the contract or at its termination on whatsoever reason, on being paid or credited such price as the Employer/ Employer’s Engineer shall determine having due regard to the conditions of materials. The price allowed to the contractor, however, shall not exceed the amount charged to him excluding the element of storage charges which shall be 10% of the cost charged to contractor. The decision of the Employer/ Employer’s Engineer shall be final and conclusive. Contractor, subcontractors has / has to deploy security personnel for safeguarding of materials procured and bought at site. Irrespective of any loss due to theft, fire or whatsoever; no claim shall be entertained towards cost and time.
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Related to Materials Procured With the Assistance of Employer

  • Employee Assistance Program (EAP) Section 1. The Employer agrees to provide to the Union the statistical and program evaluation information provided to management concerning Employee Assistance Program(s).

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