Common use of STORED MATERIALS AND EQUIPMENT Clause in Contracts

STORED MATERIALS AND EQUIPMENT. Unless otherwise provided in the Contract Documents, applications for payment may include materials and equipment not yet incorporated into the Work but delivered to and suitably stored onsite or offsite, including applicable insurance, storage, and costs incurred transporting the materials to an offsite storage facility. Approval of payment applications for stored materials and equipment stored offsite shall be conditioned on submission by Private Entity of bills of sale and proof of required insurance, or such other procedures satisfactory to Owner to establish the proper valuation of the stored materials and equipment, Owner’s title to such materials and equipment, and to otherwise protect Owner’s interests therein, including transportation to the Worksite. All such materials shall be segregated from other materials held by the supplier and clearly identified as belonging to the Owner.

STORED MATERIALS AND EQUIPMENT. Unless otherwise provided in the Contract Documents, applications for payment may include materials and equipment not yet incorporated into the Work but delivered to and suitably stored onsite or offsite, including applicable insurance, storage, storage and costs incurred transporting the materials to an offsite storage facility. Approval of payment applications for stored materials and equipment stored offsite shall be conditioned on submission by Private Entity the Design-Builder of bills of sale and proof of required 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 Worksite. All such materials shall be segregated from other materials held by the supplier and clearly identified as belonging to the Ownersite.

STORED MATERIALS AND EQUIPMENT. Unless otherwise provided in the Contract Documentscontract documents, applications for payment may include materials and equipment not yet incorporated into the Work but delivered to and suitably stored onsite or offsiteoffsite when approved by Owner in writing, including applicable insurance, storage, and costs incurred transporting the materials to an offsite storage facility. Approval of payment applications for stored materials and equipment stored offsite shall be conditioned on a submission by Private Entity Construction Manager of bills of sale and proof of required insurance, or such other procedures documentation satisfactory to Owner to establish the proper valuation of the stored materials and equipment, Owner’s 's title to such materials and equipment, and to otherwise protect Owner’s 's interests therein, including transportation to the Worksite. All such materials shall be segregated from other materials held by the supplier and clearly identified as belonging to the Owner.

STORED MATERIALS AND EQUIPMENT. Unless otherwise provided in the Contract Documents, applications for payment may include materials and equipment not yet incorporated into the Work but delivered to and suitably stored onsite or offsite, including applicable insurance, storage, storage and costs incurred transporting the materials to an offsite storage facility. Approval of payment applications for stored materials and equipment stored offsite shall be conditioned on submission by Private Entity the Design-Builder of bills of sale and proof of required 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 Worksite. All such materials shall be segregated from other materials held by the supplier and clearly identified as belonging to the Ownerworksite.