Payment for Stored Material Sample Clauses

Payment for Stored Material. The Owner may at its discretion pay the Contractor the cost of the material that is to be used in the performance of the Work provided the material complies with the requirements of the Contract and the following conditions are satisfied: i. The Contractor stores the material in a manner acceptable to the Owner at the Work site or other site that is acceptable to the Owner. ii. The Contractor furnishes evidence of the quantity and quality of the stored material that is acceptable to the Owner. iii. The Contractor furnishes legal title (free of liens or encumbrances of any kind) for the stored material that is acceptable to the Owner. iv. The Contractor furnishes evidence the stored material is insured against loss, damage or disappearance thereof prior to use in the Work that is acceptable to the Owner. The transfer of title to, or the payment for, the stored material by the Owner shall in no way relieve the Contractor of responsibility for placing the material in accordance with the requirements of the Contract. If payment is being sought for material not specifically purchased for the Work, but taken from the Contractor’s stock, then in lieu of an invoice, the Contractor shall submit to the Owner a statement and accompanying affidavit certifying that the material was taken from the Contractor’s stock and that the claimed material and transportation costs represent the actual costs to the Contractor. The progress xxxx requesting payment for the stored material shall not exceed the Contract price for such material or the price for the Contract item comprising the material used by the Contractor.
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Payment for Stored Material. 1. Payment for material stored on the jobsite will be 100% of a valid invoice less applicable retainage. No payment will be made for materials stored off the job site unless otherwise authorized by SCC, in accordance with Section XIII.C.2. Materials stored on the job site that cannot be incorporated in the finished Work within a reasonable period of time, may be included in the progress payment if the following documents are submitted with the request for payment: a. Paid invoices showing the cost of material or equipment; b. Waiver of lien from the supplier indicating that the cost of the material or equipment had been paid; and c. Inspection tickets showing that material or equipment had been inspected and accepted by SCC. In addition, Contractor must ensure the materials stored, against the risk of loss, theft or damage, until the installment of the work. 2. Payment for material stored off-site, if authorized, will be 100% of a valid invoice less applicable retainage when the contractor has provided documents and complied with the requirements below: a. A paid invoice from the supplier showing the unit, quantity, description of the material or equipment and costs; b. A waiver of lien from the supplier for the total amount of the material purchased; c. Inspection for all of the material stored; d. The Contractor will furnish SCC with a certified statement giving the exact location of the materials or equipment, and stating that: such materials are suitably stored and maintained at a bonded, secure and environmentally appropriate location agreed upon and subject to such conditions required or established by SCC; the Contractor has complied with procedures satisfactory to SCC to establish the City’s and SCC’s interest therein, including but not limited to, insurance, storage and transportation to the Project Site for such materials stored off-site, as SCC may reasonably require; the materials, equipment and associated fabricated components will not be diverted away from the Project; e. The risk of loss will remain with the Contractor. The Contractor will provide SCC with a certificate of insurance coverage for the stored material upon which payment is requested; f. Immediately upon receipt of payment for such material, the Contractor will prepare and execute any and all documents required to transfer title to SCC, including without limitation, any Uniform Commercial Code Documentation necessary to perfect transfer of title; and g. All material and Work cov...
Sample 1
Payment for Stored Material. 1. Whether stored on- or off-the job site, the risk of loss for stored material will remain with you, and you must insure the stored materials against the risk of loss, theft or damage until its installment in the Work. 2. Payment for material stored on the job site will be 100% of a valid invoice. No payment will be made for materials stored off the job site unless otherwise authorized by the Commissioner in accordance with Section XIII.C.3. If Materials stored on the job site cannot be incorporated in the finished Work within a reasonable period of time you may include them in the monthly progress payment, but only if the following documents are submitted with the request for payment: a. Paid invoices showing the cost of material or equipment; b. Waiver of lien from the supplier indicating that the cost of the material or equipment was paid; and c. Inspection tickets showing that material or equipment had been inspected and accepted by the City. 3. Payment for material stored off-site, if authorized, will be 100% of a valid invoice when you have provided the Commissioner with the documents and assurances listed and complied with the requirements below: a. A paid invoice from the supplier showing the unit, quantity, description of the material or equipment and costs; b. A waiver of lien from the supplier for the total amount of the material purchased; c. Inspection for all of the material stored; d. A certified statement giving the exact location of the materials or equipment, stating that:
Sample 1

Related to Payment for Stored Material

  • Payment for Services Contractor shall exert reasonable and diligent efforts to collect prompt payment from the Commonwealth. Contractor shall pay Subcontractor in proportion to amounts received from the Commonwealth which are attributable to the Services performed by Subcontractor. Contractor shall pay Subcontractor within fourteen (14) days after the Contractor receives such payment from the Commonwealth, unless the parties expressly agree upon a different payment schedule or structure as set forth below: ______________________________________________________________________________________________________________________________________________________________________________________________________________________________________.

  • PAYMENT FOR GOODS AND SERVICES a. DIR Customer shall comply with Chapter 2251, Texas Government Code, or applicable local law, in making payments to the Vendor. Payment under a DIR Contract shall not foreclose the right to recover wrongful payments. b. Payments must be made in accordance with laws and procedures applicable to DIR Customer. c. DIR Customer agrees to pay the rates and/or prices set by DIR with its vendors. DIR Customer understands these rates and/or prices include a DIR administrative fee. d. All purchases executed under a DIR Contract will require a DIR Customer purchase order.

  • PAYMENT FOR WORK The H-GAC Customer is responsible for making payment to the Contractor upon delivery and acceptance of the goods or completion of the services and submission of the subsequent invoice.

  • Contract for Services The parties intend this Agreement to be a contract for the provision of services and not a contract for the sale of goods. To the fullest extent permitted by law, the provisions of the Uniform Commercial Code (UCC), the Uniform Computer Information Transaction Act (UCITA), the United Nations Convention on Contracts for the International Sale of Goods, and any substantially similar legislation as may be enacted, shall not apply to this Agreement.

  • Payment for TIPS Sales TIPS Members may make payments for TIPS Sales directly to Vendor, Vendor’s Authorized Reseller, or as otherwise agreed to in the applicable Supplemental Agreement after receipt of the invoice and in compliance with applicable payment statutes. Regardless of how payment is issued or received for a TIPS Sale, Vendor is responsible for all reporting and TIPS Administration Fee payment requirements as stated herein.

  • Procurement for Goods and Works Except as ADB may otherwise agree, Goods and Works shall only be procured on the basis of the methods of procurement set forth below: National Competitive Bidding Shopping The methods of procurement are subject to, among other things, the detailed arrangements and threshold values set forth in the Procurement Plan. The Borrower may only modify the methods of procurement or threshold values with the prior agreement of ADB, and modifications must be set out in updates to the Procurement Plan.

  • AGREEMENT FOR SALE There is an overlap in this list: use the descriptions that are most ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .

  • Reimbursement for Services Rendered If this Agreement is held to be invalid for any reason, and the Practice is required to refund fees, You agree to pay the Practice an amount equal to the fair market value of the medical services You received during the time period for which the refunded fees were paid.

  • Payment for Working Overtime (a) For all work done outside ordinary hours, the rates of pay will be time and a half for the first two hours and double time thereafter. (b) Except as provided in clause 8.4, in computing overtime each day’s work will stand alone. (c) To avoid doubt, overtime provisions for shift workers are contained in clause 10.7.

  • Payment for Labor and Materials (a) Borrower will promptly pay when due all bills and costs for labor, materials, and specifically fabricated materials ("LABOR AND MATERIAL COSTS") incurred in connection with the Property and never permit to exist beyond the due date thereof in respect of the Property or any part thereof any lien or security interest, even though inferior to the liens and the security interests hereof, and in any event never permit to be created or exist in respect of the Property or any part thereof any other or additional lien or security interest other than the liens or security interests hereof except for the Permitted Encumbrances. (b) After prior written notice to Lender, Borrower, at its own expense, may contest by appropriate legal proceeding, promptly initiated and conducted in good faith and with due diligence, the amount or validity or application in whole or in part of any of the Labor and Material Costs, provided that (i) no Event of Default has occurred and is continuing under the Loan Agreement, the Note, this Security Instrument or any of the other Loan Documents, (ii) Borrower is permitted to do so under the provisions of any other mortgage, deed of trust or deed to secure debt affecting the Property, (iii) such proceeding shall suspend the collection of the Labor and Material Costs from Borrower and from the Property or Borrower shall have paid all of the Labor and Material Costs under protest, (iv) such proceeding shall be permitted under and be conducted in accordance with the provisions of any other instrument to which Borrower is subject and shall not constitute a default thereunder, (v) neither the Property nor any part thereof or interest therein will be in danger of being sold, forfeited, terminated, canceled or lost, and (vi) Borrower shall have furnished the security as may be required in the proceeding, or as may be reasonably requested by Lender to insure the payment of any contested Labor and Material Costs, together with all interest and penalties thereon.

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