Common use of Stored Materials Clause in Contracts

Stored Materials. Unless otherwise provided in the Contract Documents, Owner shall make payments on account of Materials not incorporated in the Work but delivered and suitably stored at the Site. If approved by Owner in advance, Owner may similarly make payments for Materials suitably stored at a location other than the Site, if agreed upon in writing. As a condition precedent to Owner’s payments for Materials stored on or off the Site, Contractor shall submit with its Applications for Payment that include such Materials, photographs of Materials and evidence (e.g., bills of sale), satisfactory to Owner to establish Owner’s title to or otherwise protect Owner’s interest in, the same. Contractor shall include with its Applications for Payment that include Materials stored off-Site, costs and evidence of applicable insurance, storage, and transportation to the Site. Owner Parties shall have the right to access, remove, and inspect, at any time during the Project, Materials stored off-Site for which Owner has paid. In consideration of Contractor’s ability to store certain Materials off-Site, Contractor waives and releases any Claims it may have against Owner, either directly or through Contractor’s insurer, for damage to or loss of, such Materials not stored at the Site. Contractor shall name Owner as additional named insured on the insurance policy covering the full value of the property while in the care and custody of the Contractor until installed in the Project. A certificate noting this coverage shall be issued to Owner. [Optional – discussion point]

Stored Materials. Unless otherwise provided in the Contract Documents, Owner shall make payments on account of Materials not incorporated in the Work but delivered and suitably stored at the Site. If approved by Owner in advance, Owner may similarly make payments for Materials suitably stored at a location other than the Site, if agreed upon in writing. As a condition precedent to Owner’s payments for Materials stored on or off the Site, Contractor shall submit with its Applications for Payment that include such Materials, photographs of Materials and evidence (e.g., bills of sale), satisfactory to Owner to establish Owner’s title to or otherwise protect Owner’s interest in, the same. Contractor shall include with its Applications for Payment that include Materials stored off-Site, costs and evidence of applicable insurance, storage, and transportation to the Site. Owner Parties shall have the right to access, remove, and inspect, at any time during the Project, Materials stored off-Site for which Owner has paid. In consideration of Contractor’s ability to store certain Materials off-off- Site, Contractor waives and releases any Claims it may have against Owner, either directly or through Contractor’s insurer, for damage to or loss of, such Materials not stored at the Site. Contractor shall name Owner as additional named insured on the insurance policy covering the full value of the property while in the care and custody of the Contractor until installed in the Project. A certificate noting this coverage shall be issued to Owner. [Optional – discussion point].

Stored Materials. Unless otherwise provided in the Contract Documents, Owner shall make payments on account of Materials not incorporated in the Work but delivered and suitably stored at the Site. If approved by Owner in advance, Owner may similarly make payments for Materials suitably stored at a location other than the Site, if agreed upon in writing. As a condition precedent to Owner’s payments for Materials stored on or off the Site, Contractor shall submit with its Applications for Payment that include such Materials, photographs of Materials and evidence (e.g., bills of sale), satisfactory to Owner to establish Owner’s title to or otherwise protect Owner’s interest in, the same. Contractor shall include with its Applications for Payment that include Materials stored off-Site, costs and evidence of applicable insurance, storage, and transportation to the Site. Owner Parties shall have the right to access, remove, and inspect, at any time during the Project, Materials stored off-Site for which Owner has paid. In consideration of Contractor’s ability to store certain Materials off-Site, Contractor waives and releases any Claims it may have against Owner, either directly or through Contractor’s insurer, for damage to or loss of, such Materials not stored at the Site. Contractor shall name Owner as additional named insured on the insurance policy covering the full value of the property while in the care and custody of the Contractor until installed in the Project. A certificate noting this coverage shall be issued to Owner. [Optional – discussion point].

Stored Materials. Unless otherwise provided in the Contract Documents, Owner shall make payments on account of Materials not incorporated in the Work but delivered and suitably stored at the Site. If approved by Owner in advance, Owner may similarly make payments for Materials suitably stored at a location other than the Site, if agreed upon in writing. As a condition precedent to Owner’s payments for Materials stored on or off the Site, Contractor shall submit with its Applications for Payment that include such Materials, photographs of Materials and evidence (e.g., bills of sale), satisfactory to Owner to establish Owner’s title to or otherwise protect Owner’s interest in, the same. Contractor shall include with its Applications for Payment that include Materials stored off-Site, costs and evidence of applicable insurance, storage, and transportation to the Site. Owner Parties shall have the right to access, remove, and inspect, at any time during the Project, Materials stored off-Site for which Owner has paid. In consideration of Contractor’s ability to store certain Materials off-Site, Contractor waives and releases any Claims it may have against Owner, either directly or through Contractor’s insurer, for damage to or loss of, such Materials not stored at the Site. Contractor shall name Owner as additional named insured on the insurance policy covering the full value of the property while in the care and custody of the Contractor until installed in the Project. A Upon request by Owner Parties, a certificate noting this coverage shall be issued to Owner. [Optional – discussion point].