Common use of Owner Furnishing Equipment or Fixtures Clause in Contracts

Owner Furnishing Equipment or Fixtures. The Owner may directly furnish any and all of the equipment or fixtures required for the Project. In the event the Owner elects to do so, the Lump Sum Price shall be reduced by the amount which was to be charged by Contractor for such equipment or fixtures as set forth and included in the Contract Documents. A Contract Amendment reducing the Lump Sum Price for that item of Work shall be executed by Owner and Contractor to reflect a reduction in the Lump Sum Price for that item of Work and that the Owner is to furnish the equipment or fixtures. The Contractor shall assume responsibility for and be fully responsible for the care, custody, and control of all Owner furnished equipment or fixtures after said equipment or fixtures arrives on the Work Site or in any approved offsite storage facility, as set forth in Section 60-08 of the FAA’s General Provisions.

Owner Furnishing Equipment or Fixtures. The Owner may directly furnish any and all of the equipment or fixtures required for the Project. In the event the Owner elects to do so, the Lump Sum Contract Price shall be reduced by the amount which was to be charged by Contractor for such equipment or fixtures as set forth and included in the Contract Documents. A Contract Amendment reducing the Lump Sum Contract Price for that item of Work shall be executed by Owner and Contractor to reflect a reduction in the Lump Sum Contract Price for that item of Work and that the Owner is to furnish the equipment or fixtures. The Contractor shall assume responsibility for and be fully responsible for the care, custody, and control of all Owner furnished equipment or fixtures after said equipment or fixtures arrives on the Work Site or in any approved offsite storage facility, as set forth in Section 60-08 of the FAA’s General Provisions.