Payments for Materials and Equipment Sample Clauses

Payments for Materials and Equipment. Payments will be made for material and equipment not incorporated in the work but delivered and suitably stored at the site or another location subject to prior approval and acceptance by the Owner on each occasion.
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Payments for Materials and Equipment. Construction Manager may invoice Owner and Owner will pay for expenditures for materials and equipment received on the Project Site or another location prior to being consumed during construction or incorporated into the Work if the equipment and materials are in conformance with the Contract Documents, are received, inventoried and stored properly, Owner approves and accepts the same, and Owner acquires title upon payment therefore. Construction Manager nevertheless retains full responsibility for care, custody and control of such materials and equipment. BONDS, INSURANCE, INDEMNITY AND WAIVER OF SUBROGATION Bonds. In accordance with the provisions of Section 255.05, Florida Statutes, the Construction Manager shall provide to the Owner, on forms furnished by the Owner, a 100% Performance Bond and a 100% Labor and Material Payment Bond for this project, each in an amount not less than the total construction cost for the Project as defined in Article 8, and inclusive of the Construction Manager's fees pursuant to Article 7 for the Project. The bonds shall be delivered to Owner within ten (10) days after execution of a Project GMP and shall not expire until expiration of the Warranty Period for the Project. The Construction Manager shall not commence any construction work in connection with a Project until the bonds have been approved by Owner. To be acceptable as Surety for Performance Bonds and Labor and Material Payment Bonds, a Surety Company shall comply with the following provisions: The Surety Company shall have a currently valid Certificate of Authority, issued by the State of Florida, Department of Insurance, authorizing it to write surety bonds in the State of Florida. The Surety Company shall have a currently valid Certificate of Authority issued by the United States Department of Treasury under Sections 9304 to 9308 of Title 31 of the United States Code. The Surety Company shall be in full compliance with the provisions of the Florida Insurance Code. The Surety Company shall have at least twice the minimum surplus and capital required by the Florida Insurance Code at the time the invitation to bid is issued. The Surety Company shall have at least an A- policyholder’s rating and a Class VII financial rating in the latest issue of Best's Key Rating Guide. The Surety Company must agree not to expose itself to any loss on any one risk in an amount exceeding ten (10) percent of its surplus to policyholders, provided: Any risk or portion of any risk be...
Sample 1
Payments for Materials and Equipment. Payments will be made for material and equipment not incorporated in the Work but delivered and suitably stored at the site or another location subject to prior written approval and acceptance by City on each occasion.
Sample 1
Payments for Materials and Equipment. Payments will be made for material and equipment not incorporated in the Work but delivered and suitably stored at the site or another location subject to prior written approval and acceptance by the College on each occasion (and subject to such conditions as the College may, in the College’s sole and absolute discretion, impose, including, but not limited to, insurance and storage at a bonded warehouse).
Sample 1
Payments for Materials and Equipment. Payments will be made for materials and equipment not yet incorporated in the PROJECT but delivered and suitably stored at the PROJECT site, or another location subject to prior approval and acceptance by the CITY REPRESENTATIVE on each occasion. No payment or compensation for materials purchased by XXXX but not yet installed or incorporated into the PROJECT shall be made without the CITY REPRESENTATIVE’s prior written approval of the conditions under which such materials are purchased and stored. The CITY REPRESENTATIVE’s prior written approval shall be provided in a timely manner and not unreasonably withheld. Documentation of the CITY’s approval to pre‐ pay for materials and/or equipment shall be attached to the application for payment.
Sample 1

Related to Payments for Materials and Equipment

  • Materials and Equipment ‌ Material means property that may be consumed or expended during performance, component parts of a higher assembly, or items that lose their individual identity through incorporation into an end item. Equipment means a tangible item that is functionally complete for its intended purpose, durable, nonexpendable, and needed for performance. Materials and Equipment shall be priced in accordance with the terms of the task order award, contract type, and applicable FAR and agency-specific regulatory supplements. Unless otherwise directed by task order terms and conditions, the Contractor may apply indirect costs to materials and equipment consistent with the Contractor’s usual accounting practices.

  • Title to Improvements Any improvements, developments, adaptations and/or modifications to the Foreground Intellectual Property, and any and all new inventions or discoveries, based on or resulting from the use of Transnet’s Background Intellectual Property and/or Confidential Information shall be exclusively owned by Transnet. The Supplier/Service Provider shall disclose promptly to Transnet all such improvements, developments, adaptations and/or modifications, inventions or discoveries. The Supplier/Service Provider hereby undertakes to sign all documents and do all things as may be necessary to effect, record and perfect the assignment of such improvements, developments, adaptations and/or modifications, inventions or discoveries to Transnet and the Supplier/Service Provider shall reasonably assist Transnet in attaining, maintaining or documenting ownership and/or protection of the improved Foreground Intellectual Property.

  • Supplies and Equipment The Union and employees will not use state-purchased supplies or equipment to conduct union business or representational activities. This does not preclude the use of the telephone for representational activities if there is no cost to the Employer, the call is brief in duration and it does not disrupt or distract from the Employer’s business.

  • Review of Materials During the term of this Agreement, Client shall ensure that all prospectuses, statements of additional information, registration statements, proxy statements, reports to shareholders, advertising and sales literature or other materials prepared for distribution to Fund shareholders or the public, which refer to the Subadviser in any way, prepared by employees or agents of Client or its affiliates are consistent with information previously provided by Subadviser. Subadviser shall promptly notify the Client of any changes to information pertaining to the Subadviser and stated in the materials described in this Section 6(g).

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