Common use of Payment for Materials Clause in Contracts

Payment for Materials. Unless otherwise provided in this Contract for Construction, payments shall be made on account of materials and equipment delivered and suitably stored at the site for subsequent incorporation in the Work. Payment for materials and equipment stored on or off the site shall be conditioned upon compliance by the General Contractor with procedures satisfactory to the Owner to establish the Owner’s title to such materials and equipment or otherwise protect the Owner’s interest, and shall include the costs of applicable insurance, storage and transportation to the site for such materials and equipment stored off the site.

Appears in 2 contracts

Samples: Contract for Construction, Contract for Construction

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Payment for Materials. Unless otherwise provided in this Contract for ConstructionConstruction Management, payments shall be made on account of materials and equipment delivered and suitably stored at the site Site for subsequent incorporation in the Work. If approved in advance by the Owner, payment may similarly be made for materials and equipment suitably stored off-site at a location agreed upon in writing. Payment for materials and equipment stored on or off the off-site shall be conditioned upon compliance by the General Contractor Construction Manager with procedures satisfactory to the Owner to establish the Owner’s title to such materials and equipment or otherwise protect the Owner’s interest, and shall include the costs of applicable insurance, storage and transportation to the site Site for such materials and equipment stored off the off-site.

Appears in 2 contracts

Samples: Construction Management Agreement, Construction Management Agreement

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Payment for Materials. Unless otherwise provided in this Contract for Construction, payments shall be made on account of materials and equipment delivered and suitably stored at the site for subsequent incorporation in the Work. Payment for materials and equipment stored on or off the site shall be conditioned upon compliance by the General Contractor with procedures satisfactory to the Owner to establish the Owner’s Owner‟s title to such materials and equipment or otherwise protect the Owner’s Owner‟s interest, and shall include the costs of applicable insurance, storage and transportation to the site for such materials and equipment stored off the site.

Appears in 1 contract

Samples: Contract for Construction

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