Common use of STORED MATERIALS AND EQUIPMENT Clause in Contracts

STORED MATERIALS AND EQUIPMENT. If approved by the Owner, applications for payment may include materials and equipment not incorporated into the Work but delivered to and suitably stored on-site, or off-site and applicable insurance, storage and transportation costs to the site. Approval of payment applications for stored materials and equipment shall be conditioned on submission by the Contractor of bills of sale and proof of applicable insurance, or such other procedures satisfactory to the Owner to establish the proper valuation of the stored materials and equipment, the Owner’s title to such materials and equipment, and to otherwise protect the Owner’s interests therein, including transportation to the site

STORED MATERIALS AND EQUIPMENT. If approved by the Owner, applications for payment may include materials and equipment not incorporated into the Work but delivered to and suitably stored on-site, or off-site and applicable insurance, storage and transportation costs to the site. Approval of payment applications for stored materials and equipment shall be conditioned on submission by the Contractor of bills of sale and proof of applicable insurance, or such other procedures satisfactory to the Owner to establish the proper valuation of the stored materials and equipment, the Owner’s title to such materials and equipment, and to otherwise protect the Owner’s interests therein, including transportation to the site.

STORED MATERIALS AND EQUIPMENT. If approved by the Owner, applications for payment may include materials and equipment not yet incorporated into the Work but delivered to and suitably stored on-site, on- site or off-site and including applicable insurance, storage and transportation costs to the siteWorksite. Approval of payment applications for off-site stored materials and equipment shall be conditioned on submission by the Contractor Constructor of bills of sale and proof of applicable insurance, or such other procedures satisfactory to the Owner to establish the proper valuation of the stored materials and equipment, the Owner’s 's title to such materials and equipment, and to otherwise protect the Owner’s 's interests therein, including transportation to the siteWorksite.