Common use of Materials Stored Clause in Contracts

Materials Stored. Application for payment may include, at the Contractor’s option, the cost of products not yet incorporated into the Work which have been delivered to the site or to other storage locations authorized and approved by the Engineer. The Owner reserves the right to accept or reject pay requests for stored materials, and to limit payments to those stored materials which, in the Engineer's judgment, are necessary for continuing satisfactory Project progress. Payment for stored products will be subject to the following conditions being met or satisfied:

Materials Stored. Application for payment may include, at the Contractor’s option, the cost of products not yet incorporated into the Work which have been delivered to the site or to other storage locations authorized and approved by the Engineer. The Owner reserves the right to accept or reject pay requests for stored materials, and to limit payments to those stored materials which, in the Engineer's judgment, are necessary for continuing satisfactory Project progress. Payment for stored products will be subject to the following conditions being met or satisfied:.